Friday 20 June 2014
CLS wins legal battle in settlement 'patent' dispute
From Finextra
“The US Supreme Court has found in favour of CLS Bank in a long-running patent dispute with Alice Corporation over the abstract notion of intermediated settlement.
In its opinion statement, the Supreme Court said: "We hold that the claims at issue are drawn to the abstract idea of intermediated settlement, and that merely requiring generic computer implementation fails to transform that abstract idea into a patent-eligible invention."”
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Labels:
CLS,
fx,
patent trolls,
risk,
settlement