Wealthcare Capital Management, UBS Financial Services and PIEtech, Inc.
Announce Resolution of Patent Litigation
RICHMOND, Va., Nov. 8, 2012 (GLOBE NEWSWIRE) -- via PRWEB - Wealthcare Capital
Management, Inc., Wealthcare Capital Management IP, LLC, UBS Financial
Services Inc., and PIEtech, Inc. announced today the settlement of the patent
infringement lawsuit brought by Wealthcare. Any payment terms and other terms
of the settlement are confidential.
The lawsuit was filed by Wealthcare for infringement of its U.S. Patent Nos.
7,765,138 and 7,991,675 by UBS for use of systems that included PIEtech's
MoneyGuidePro software. PIEtech joined in the suit and both PIEtech and UBS
denied liability and brought counterclaims of invalidity and non-infringement.
The lawsuit was pending in the U.S. District Court for the Southern District
of New York.
The case is captioned Financeware, Inc. d/b/a Wealthcare Capital Management
and Wealthcare Capital Management IP, LLC v. UBS Financial Services Inc. and
PIEtech, Inc., Case No. 11-cv-5503 (JFK) (S.D.N.Y.)
About Wealthcare Capital Management
Based in Richmond, Virginia, Wealthcare Capital Management is powering the
future of financial advising through a unique suite of asset management and
advising services. Wealthcare's patented, goal-based advising approach allows
advisors to give their clients measurable confidence in exceeding their goals
without unnecessary sacrifice to their lifestyle, while avoiding undue
investment risk. This process has been made available to third party advisors
and financial advisory firms in an all-inclusive, low-cost and highly
tax-efficient Unified Managed Household (UMH) program. Information about the
company's advisory services is available online at
http://www.wealthcarecapital.com. Founded in 1999, the company is privately
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CONTACT: I-Impact Group, Inc.
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