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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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