InvestSMART

identitii Limited (ASX:ID8)

ALERT: Price-sensitive ASX Announcement for ID8
Current share price for ID8 : $0.003 0 (0%)+
Announcement
Release
23 Jun 2026 10:15AM
Price at Release
$0.003
Full Release
download
Summary
Identitii Limited has issued an update regarding its ongoing US patent infringement case against JPMorgan Chase, where JPMC has filed for the case to be deemed exceptional, seeking attorneys' fees of approximately US$4 million. JPMC's claims focus on the alleged weakness of Identitii's patent eligibility arguments and the inconsistency in claim construction. Identitii firmly disagrees with these assertions and is appealing the case dismissal to the US Court of Appeals for the Federal Circuit. The patent issue does not affect Identitii's operations concerning its financial crime compliance infrastructure, BNDRY. Identitii is committed to keeping shareholders informed about significant developments in both the fee motion and the appeal.
Key Points
  • Identitii Limited provides an update on its US patent infringement claim against JPMorgan Chase.
  • JPMC filed a motion to label the case as exceptional and seeks approximately US$4 million in attorneys' fees.
  • JPMC argues Identitii's patent eligibility arguments are weak and claim construction positions shifted.
  • Identitii disagrees with JPMC's characterization and plans to oppose the motion.
  • The US patent matter does not impact Identitii's commercial operations, specifically BNDRY.
  • Identitii continues its appeal with the US Court of Appeals for the Federal Circuit.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.