FlexShopper files patent infringement lawsuits against Upbound Group, Katapult

FlexShopper (FPAY) has initiated legal action to defend its intellectual property filing patent infringement lawsuits against Upbound Group (UPBD) and Katapult Holdings (KPLT) alleging unauthorized use of FlexShopper’s patented technologies. The lawsuits revolve around five key patents, granted between 2018 and the present, which protect FlexShopper’s computer-implemented lease-to-own technology. The lawsuits accuse Upbound Group and Katapult of multiple forms of infringement, including direct infringement, contributory infringement, and inducement of others to infringe. FlexShopper is seeking both injunctive relief to prevent further infringement and monetary damages. The patents in question cover FlexShopper’s systems and methods for enabling retailers to partner with third-party lease-to-own providers.