Defendant

SunTrust Bank

1 case as defendant.

Cases
1
Active
1
0 closed
Filed
2013
Top venue
N.D. Georgia
1 case

Company profile

SunTrust Bank (SunTrust Banks, Inc.) was an American bank holding company headquartered in Atlanta, Georgia, with its main office at SunTrust Plaza. Its corporate lineage traces to 1891, when the Commercial Travelers' Savings Bank was chartered in Atlanta and later reorganized as the Trust Company of Georgia; the SunTrust name dates from the 1985 merger of Trust Company of Georgia with SunBanks, Inc. of Florida. SunTrust was publicly traded on the NYSE under the ticker "STI." Before its merger it was a top-ten US bank with roughly 24,000 employees and about $199 billion in assets (as of March 31, 2018, per company reporting).

Products / services. SunTrust was an operating commercial bank, not a patent entity. It operated three main segments — Consumer and Private Wealth Management, Wholesale Banking, and Mortgage — offering consumer and business banking, corporate and investment banking (including SunTrust Robinson Humphrey), mortgages and consumer lending, commercial real estate lending, and trust/wealth-management services. Its branch network concentrated in the Southeast and Mid-Atlantic. In December 2019 SunTrust merged with BB&T Corporation to form Truist Financial Corporation (NYSE: TFC), with Truist as the surviving holding company; the SunTrust brand was phased out over the following integration period.

Patent-litigation posture. The database shows exactly one tracked case and SunTrust appears solely as a defendant — consistent with an operating company, not an NPE or shell licensor. It asserted no patents and holds no plaintiff-side appearances in the tracked data.

Notable case. The single tracked matter is Intellectual Ventures II LLC v. SunTrust Banks, Inc. et al., filed 2013-07-24 in the US District Court for the Northern District of Georgia — SunTrust's home venue, not a plaintiff-friendly forum such as the Eastern District of Texas. The plaintiff, Intellectual Ventures II LLC, is an affiliate of the patent-holding/licensing firm Intellectual Ventures, indicating SunTrust was targeted as an accused financial-services end user rather than as an aggressor. No further tracked litigation involving SunTrust appears in the data.

Intellectual Ventures II LLC v. SunTrust Banks, Inc. et al.

stay granted pending IPR; final disposition unconfirmed
Docket:
1:13-cv-02454
Filed:
2013-07-24

Intellectual Ventures II LLC asserted U.S. Patent 6,826,694, along with U.S. Patents 5,745,574, 6,715,084, 6,314,409, and 7,634,666, against SunTrust Banks, Inc. and SunTrust Bank in the 2013 IV II banking campaign. A stay was granted pending IPR by opinion and order on Oct. 7, 2014; final disposition was not confirmed.