It takes one to three years for a patent infringement claim case to reach trial. According to patent litigation statistics, patent lawsuits can extend for years and cost millions of dollars, and cost between $2.3 million and $4 million on average. The vast majority of patent lawsuits settle before trial - over 90% of them. I am pretty sure this case will be settled before going to trial. Identitii has higher chance of winning if it goes to trial. JPMC will take the license or will acquire Identitii. If they dispute and go for trial then there will be acquision offers from other companies. If JPMC takes the license, then it will be more money making for long term as patient expiry date is 2037-02-25 and other financial institutions need to take license. For example, DataTreasury earns around 100 millions from it's patent each year.
The typical phases of patent litigation:
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- News: ID8 Identitii Ltd Has Filed A Patent Infringement Claim In United States
It takes one to three years for a patent infringement claim case...
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