Some you lose
News that eSpeed has failed in its request to a US court for a
preliminary injunction against BrokerTec (now owned by Icap) in
a patent infringement claim will be reviewed with great
interest by others who have had to fork out large sums of money
to the firm. An announcement from Icap said the District Court
of Delaware had denied eSpeed's request over the patent
involving the electronic trading of US Treasury securities. The
court found that "BrokerTec has raised a substantial question
as to the validity of the '580 patent'." It also noted that "if
proven, BrokerTec's claim of inequitable conduct would
invalidate the entire patent" and that "the public interest
strongly outweighed any interest Espeed may have in obtaining a
Oh well, you can't win 'em all.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.