Visa Wins Infringement Case Over SmartMetric and 2 Other Dow Movers to Watch

Visa Inc. (NYSE:V): Current price $190.76

Through a written ruling Thursday, United States District Judge Michael W. Fitzgerald in Los Angeles said that Visa and MasterCard Inc. are not infringing a patent owned by SmartMetric Inc., which had sought up to $13.4 billion for alleged use of its tech in “smart” debit and credit cards. Fitzgerald affirmed his prior tentative decision from a September 25 hearing, commenting that, “The parties here are comparing apples and oranges. The piecemeal similarities that SmartMetric has identified in support of its claims do not change the fact that claims 1 and 14 of the ’464 patent are simply not practiced by defendants, and no reasonable jury could conclude otherwise.”

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