Equitable IP entity, Induction Devices, EMV chip patent challenged

On May 29, 2026, Unified filed an ex parte reexamination proceeding against U.S. Patent 8,370,543, owned and asserted by Induction Devices LLC, an NPE and entity of Equitable IP Corporation. The ‘543 patent relates to synchronization of communication between devices operating in different clock or time domains, especially a processor accessing memory on a different clock. The patent has been asserted against 25+ banks and retailers including Bank of America, JP Morgan Chase, Capital One, Truist, Costco, Lowes, Gap, IKEA, and others.

View district court litigations by Induction Devices. Unified is represented by Stephen Cortiaus of Slater Matsil, and in-house counsel, David Seastrunk and Roshan Mansinghani.