MacroSolve, Inc., doing business as Illume Mobile (MCVE.OB), said it has filed a patent infringement suit against JPMorgan Chase, Inc. and JPMorgan Chase Bank N.A. (JPM) for violation of MacroSolve's U.S. patent.
The patent addresses mobile information collection systems across all wireless networks, smartphones, tablets, and rugged mobile devices, regardless of carrier and manufacturer, and is currently utilized in MacroSolve's rapid mobile app development platforms. MacroSolve's patent covers fundamental technology in the mobile application space utilized by multiple companies.
"This suit is in defense of our innovation and an enforcement of the rights we have under our patent," says Jim McGill, Vice Chairman of MacroSolve. He adds, "MacroSolve pioneered this technology many years ago, and it is our duty to our shareholders to protect our IP and provide a return on investment."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.