Intellectual Ventures I & II LLC v. PNC Financial Services Group, Inc. et al.
counterclaimed- Docket:
- 2:13-cv-00740
- Filed:
- 2013-05-29
Intellectual Ventures I & II sued PNC Financial Services Group and PNC Bank; PNC counterclaimed.
Defendant
1 case as defendant.
PNC Bank, N.A. is the principal banking subsidiary of The PNC Financial Services Group, Inc. (NYSE: PNC), a Pittsburgh, Pennsylvania–headquartered bank holding company. PNC Bank itself is a national banking association chartered in Wilmington, Delaware. The holding company was incorporated in Pennsylvania in 1983 through the merger of Pittsburgh National Corporation and Provident National Corporation; the predecessor bank's roots date to 1845. PNC is publicly traded, is classified as a Category III banking organization, and reported roughly 55,000–56,000 employees, about $560 billion in total assets, and approximately $21.6 billion in 2024 revenue.
Operations. PNC is a diversified U.S. financial institution operating through three segments: Retail Banking (deposits, personal lending, credit cards, residential mortgage, brokerage, and digital/mobile banking delivered through a coast-to-coast branch and ATM network); Corporate & Institutional Banking (middle-market and large-corporate lending, treasury management, capital markets and advisory, real estate finance, asset-based lending, and international banking); and Asset Management Group (private banking for high-net-worth and ultra-high-net-worth clients, institutional asset management, and trustee services). It also holds 53 active non-bank subsidiaries and strategic offices in four countries outside the U.S.
Litigation posture. The tracked data show PNC Bank NA as a defendant in one case and a plaintiff in none — the profile of an operating company being sued, not an entity asserting patents. The sole tracked matter was filed in the U.S. District Court for the Western District of Pennsylvania (PNC's home venue, not a plaintiff-friendly court such as the Eastern District of Texas), in 2013.
Notable case. Intellectual Ventures I & II LLC v. PNC Financial Services Group, Inc. et al. (W.D. Pa., filed 2013-05-29) named PNC as a defendant. Intellectual Ventures is an intellectual-property licensing firm frequently characterized in industry commentary as a patent assertion entity; the 2013 filing was part of a broader wave of IV suits against U.S. banks asserting patents relating to financial-services and software technology. The structured case list reflects no other PNC appearances.
Intellectual Ventures I & II sued PNC Financial Services Group and PNC Bank; PNC counterclaimed.