Wednesday, February 23, 2005

eSpeed's Patent Fails Written Description

Cantor Fitzgerald LP's patent for electronic bond trading, the subject of an infringement lawsuit with ICAP Plc, isn't valid, a jury ruled.

The federal court jury in Wilmington, Delaware, made the decision after 15 hours of deliberations following a two-week trial, saying that Cantor ``failed to provide adequate written description'' of the technology.

Articles here and here.

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