Trading Technologies International Inc. won a patent infringement lawsuit against eSpeed Inc. related to certain versions of its futures-trading software last used three years ago. A jury in a U.S. District Court for the Northern District of Illinois found that ESpeed must pay $3.5 million in damages. "All of eSpeed's current products have already been found to not infringe the patents that were litigated in this case," eSpeed Chairman, Chief Executive and President Howard Lutnick said in a statement. The patent infringement case related to the period from August to December 2004. In August 2007 the Patent and Trademark Office said it would re-examine patents held by Chicago-based Trading Technologies due to "substantial new questions of patentability." The Illinois court has yet to try certain issues related to the patents' validity and enforceability, which could eliminate the judgment, ESpeed said.

Posted by GEN-ERIC at 12:36:24 am into the following categories: In The News

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