Defendant
1 case as defendant.
Company overview. Citicorp (Citicorp, Inc.) is a New York-based bank holding company founded in 1967, headquartered at 388 Greenwich Street, New York (Britannica; Marketscreener company profile). It is a subsidiary of Citigroup Inc. (NYSE: C), the financial services holding company created in 1998 by the merger of Citicorp and Travelers Group; Citicorp is the holding entity for Citibank, N.A. and other Citigroup banking subsidiaries. Citigroup reported approximately 229,000 full-time employees at December 31, 2024 and net income of $12.7 billion for 2024 (Citigroup 2024 Form 10-K; Citi Q4 2024 earnings release). "Citicorp" was also the name of Citigroup's core institutional-and-consumer banking segment until the 2021 segment reorganization.
Products / services. Citigroup reports five segments: Services (Treasury and Trade Solutions; Securities Services), Markets (equities, foreign exchange, rates, spread products, commodities sales and trading), Banking (investment banking, advisory, corporate lending), Wealth (Private Bank, Citigold, Wealth at Work), and U.S. Personal Banking (branded cards, retail services). Citicorp itself is a non-operating holding company whose subsidiaries conduct banking, lending, insurance, investment, and commercial banking activities — an operating financial institution, not an NPE.
Patent-litigation posture. The tracked data show zero plaintiff cases and one defendant case — the standard profile of an operating company defending against an assertion entity rather than an entity asserting patents itself. The sole plaintiff is Intellectual Ventures I LLC / Intellectual Ventures II LLC, a well-documented patent-holding and assertion entity (Stanford NPE Litigation Database classifies the case as a non-practicing-entity suit asserting acquired patents).
Notable case. Intellectual Ventures I LLC et al. v. Citigroup, Inc. et al., No. 1:14-cv-04638 (S.D.N.Y., filed June 25, 2014), named Citigroup, Inc., Citicorp, and Citibank, N.A. as defendants and asserted five patents on cybersecurity and protection of customer payment information ('666, '574, '271, '081, '002). Judge Alvin Hellerstein denied Citi's motion to stay pending parallel IV suits against J.P. Morgan Chase and Capital One (Dec. 9, 2014); the docket closed October 9, 2017. Venue was the Southern District of New York, not a plaintiff-favored Texas district.
Listed in the Stanford NPE Litigation Database as a case involving the '666 patent, with Intellectual Ventures II LLC identified as the patent asserter. The outcome was not confirmed in the narrative.