A federal court jury in Delaware has ruled that the patent held by Cantor Fitzgerald subsidiary eSpeed for its electronic bond trading technology is not valid.
The '580' patent was the subject of an infringement lawsuit filed by eSpeed against Icap subsidiary Garbon. The jury did find that Garban's trading system infringed on the dealing system covered by the patent licensed to eSpeed, but also found that eSpeed's original patent application didn't adequately describe how the bond-trading system worked. During the trial, Icap's defence lawyers accused Cantor of misleading the US Patent Office by redrawing its original patent application for a basic bond trading system to add new rules that were already commonly used in the market.

Posted by GEN-ERIC at 12:07:47 am into the following categories: In The News

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