Diebold settles ATM patent suit

Source: Diebold

Diebold, Incorporated (NYSE: DBD), today announced that it has settled a lawsuit it filed in February 2013 in the U.S. District Court for the Northern District of Ohio against NuSource Financial, Inc. of Eden Prairie, Minn.

In its complaint, Diebold alleged, amongst other claims, that NuSource infringed Diebold's U.S. Patent No. 6,672,505, as well as various Diebold copyrights, by selling refurbished Diebold automated teller machines (ATMs) installed with unauthorized copies of Diebold ATM software. NuSource denied Diebold's allegations and any liability to Diebold. Terms of the settlement were not disclosed.

"We are pleased that we have been able to resolve this litigation," said Chad F. Hesse, Diebold vice president, general counsel and secretary. "Diebold is committed to protecting its intellectual property rights throughout its portfolio of solutions. Diebold welcomes efforts to compete with its innovative products and unparalleled service organization, but will vigorously enforce its intellectual property rights."

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