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Green Dot

Date Filed: Oct 7, 2011
Court: U.S. District Court, Nevada
Type of Case: Patent
CaseNumber: 11-cv-01626
Status: Active

Hagens Berman has filed two lawsuits on behalf of Nevada-based Integrated Technological Systems, Inc. (ITS) alleging that two major providers of prepaid debit cards, Green Dot (NYSE: GDOT) and NetSpend (NASDAQ GS: NTSP) are infringing an ITS patent on a system and method for transfers between prepaid debit cards.

According to the complaint, Green Dot uses its infringing system to effect transfers from its MoneyPak Card to Green Dot and various other prepaid debit cards. NetSpend, likewise, uses its infringing system to effect transfers between its customers’ NetSpend’s General Purpose Renewable (GPR) prepaid debit cards.

Hagens Berman attorneys believe that these programs infringe Patent No. 7,912,786, which is owned by Nevada technology company Integrated Technological Systems. The ‘786 patent is entitled “Integrated Technology Money Transfer System.”

The cases, filed in the United States District Court for the District of Nevada, ask the court for a permanent injunction preventing infringement of the patent in the future. The complaints also ask the court to award damages for the infringement.