Espeed claims Tiffe, OSX prior art in TT case
Trading Technologies (TT) has added Man Group and its FCM
subsidiary Man Financial to its growing list of patent
infringement targets by suing the London-based firm. A copy of
the filing made by TT with Northern Illinois District Court
obtained by FO Week appeared to show that the
complaint against Man is fundamentally identical to TT's
ongoing cases against Espeed and Refco.
A statement issued by Man shortly after the case was brought
said, "Man Financial is confident that none of the software or
trading systems we are providing to our clients - all of which
are provided by third party vendors - infringe any TT
A source close to Man suggested that the targeted
application could be one that is no longer in use by the FCM.
TT's suit does not specify whether the alleged infringement was
ongoing, and the ISV declined to comment on the latest
litigation beyond confirming that it had been brought.
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