The Newswire for IP Professionals

Financial Services


AIG's Insurance Fight Spawns Trade Secret Battle

Tuesday, August 08, 2006

A testy battle over trade secrets and employee agreements is brewing between former corporate partners after a group of officers and employees at insurance giant American International Group Inc. were sued by insurance brokerage C.V. Starr & Co. Inc.

PlusFunds Sues Standard & Poor Over Copyright

Friday, July 21, 2006

Bankrupt hedge fund manager PlusFunds Group Inc. has sued Standard & Poor’s, alleging the popular financial data publisher breached a license agreement when it axed its hedge fund index that was stocked with PlusFunds’ data.

Acambis Boosted In Battle For Smallpox Vaccine Market

Tuesday, July 18, 2006

Vaccine producer Acambis got a boost today in its battle with Bavarian Nordic A/S to become the supplier of smallpox vaccines to the U.S. government, with International Trade Commission transcripts indicating that the patents asserted by Bavarian Nordic are invalid.

Tax Patents: Ball Is In Your Court, PTO Tells Congress

Friday, July 14, 2006

If Congress doesn’t approve of patents for abusive tax strategies, then it should take action against them, rather than wait for the U.S. Patent and Trademark Office to do so, the agency’s top lawyer told legislators Thursday.

Congress Wary Of Tax Business Method Patents

Monday, July 10, 2006

The U.S. Patent and Trademark Office is preparing to launch its defense on Capitol Hill of the existence of business method patents for tax procedures, after various patented tax schemes drew Congressional ire.

Bank, Tech Co. Settle Over Digital Security Patent

Wednesday, July 05, 2006

A lawsuit over digital security systems that pitted a technology company against a Silicon Valley bank has been settled, with Addison Avenue Federal Credit Union agreeing to license the patented system from Entrust Inc.

Graham Co. Wins $19M In "Indirect Profits" Victory

Wednesday, June 28, 2006

In what may be the largest “indirect profits” copyright infringement award in history, a federal jury has awarded a stunning $19 million to The Graham Company in a case involving a long-running infringement of two books written by the commercial insurance broker.

Wall Street Swats “Fly” With Infringement Suit

Tuesday, June 27, 2006

The brokerage units of three of the world’s largest securities firms—Merrill Lynch & Co., Morgan Stanley and Lehman Bros. Holdings Inc.—are taking Web site theflyonthewall.com to court, alleging that the online provider of financial news is infringing on the firms’ proprietary equity research.

Trademarked Funds Can Trade Without License

Monday, June 19, 2006

The International Securities Exchange can trade options without a license on two widely known exchange-traded funds without infringing on the funds’ trademarks, the Second Circuit unanimously confirmed on Friday.

Patent Litigator Added To Altitude Capital Team

Monday, May 22, 2006

Altitude Capital Partners, one of the newest private investment firms focused on intellectual property, named patent litigator William Marino as partner and general counsel on Monday.

U.S. Gov't Loses Money Order Appeal At Federal Circuit

Friday, May 05, 2006

In a blow to the federal government, the U.S. Court of Appeals for the Federal Circuit has affirmed a lower court ruling that the U.S. Post Office infringed patents for money order technology held by an Illinois check protection company.

Citigroup Wins Business Method Patent Appeal

Wednesday, April 19, 2006

The U.S. Court of Appeals for the Federal Circuit has given an electronic-trading technology unit of Citigroup Inc. a second shot at proving that two trading companies infringed on a patent covering securities-trading technology, this week reviving a formerly dismissed patent suit tossed by a lower court last year.

BofA Triumphs In Global Trade Technology Battle

Tuesday, April 04, 2006

In a big upset, a federal jury has handed defendants Bank of America N.A. and S1 Corporation a victory in a long-simmering patent infringement suit brought by TradeCard Inc. over a purchase order processing system (POPS).

Survey Shows Massive Royalty Underreporting

Monday, March 27, 2006

The vast majority of patent licensing agreements lead to underreported royalties worth billions of dollars, a survey of royalty streams conducted by a data research group has shown. According to the researchers, pinpointing the problem early could save a lot of time and money wasted on litigation.

DataTreasury Launches Fresh E-Banking Assault

Tuesday, February 28, 2006

Check processing company DataTreasury Corp., which has made headlines by aggressively asserting its patents in the banking industry, has once again targeted dozens of institutions in a new patent infringement lawsuit.

Amazon, Target Sued Over E-Commerce Patent

Tuesday, February 21, 2006

Just weeks after several other online retailers were sued over a strikingly similar technology, Amazon.com and Target Corp. have been slapped with a lawsuit that accuses them of infringing a patent for storing customer data on third-party websites.

Litigation Financing Fund Ups Ante To $20M In IP Cases

Wednesday, February 15, 2006

The growing industry for patent litigation financing is seeing an increase in the funds being offered to individual cases, as investors hoping to cash in on intellectual property lawsuits rush to back small-time inventors and patent holding companies.

Insurance Policies Can Be Copyrighted, Judge Rules

Tuesday, February 07, 2006

In what may be the first ruling of its kind, a federal court has found that insurance policies by American Family Life Assurance Co. (Aflac) were copyrightable and needed injunctive protection from competitors trying to crack into the market for supplemental insurance.

Patent Insurance: Pricey, But May Be Worth It

Monday, February 06, 2006

Patent insurance isn’t right for everyone, and companies should carefully consider their options before they sign the dotted line on patent insurance contracts, experts caution.

As Tax Season Dawns, Trademark Battle Heats Up

Friday, February 03, 2006

In the latest stab in a long-simmering trademark feud with H&R Block over e-filing software, archrival Intuit Inc. has filed its answer and counterclaims of fraud and false advertising in defense of its TurboTax ad campaign.

 

 

 

French Tax Raises Money For Drugs—And IP Concerns

As international governments and drug companies struggle to find a balance between protection of intellectual property and the rights of poor nations to access crucial medications, a controversial new French initiative stands to fuel the growing debate by pressuring the pharmaceutical industry to lower its prices.

Latest Articles

London Fog Lets Go Of Trademark

Monday, August 21, 2006

Still selling off its assets, bankrupt rainwear maker London Fog Group Inc. has unloaded its famed trademark, with Iconix Brand Group Inc. snapping up the recognizable brand for $30.5 million in cash and $7 million in stock.

No End In Sight In Plavix Battle

Monday, August 21, 2006

Attorneys spent a second day in court Monday arguing over whether Apotex’ generic version of the blockbuster blood thinner Plavix should be allowed on the market.

Lengthy Patent Battle Wages On For Microsoft

Monday, August 21, 2006

Timeline Inc. announced Monday that it has terminated a limited license with Microsoft Corp. for use of its patents with the software giant’s SQL Servers, and has asked a federal court to add Microsoft to a patent infringement lawsuit.

eBay Opinion Doesn’t Affect Preliminary Injunctions, Judge Rules

Monday, August 21, 2006

A federal judge has ruled that a landmark Supreme Court decision involving eBay only relates to permanent injunctions and not preliminary ones.

Federal Circuit Overturns Jury Verdict Against ACell

Monday, August 21, 2006

The Federal Circuit has overturned a jury verdict that found biotechnology company ACell Inc. liable for patent infringement of a tissue-engineering method for healing wounds and scars, ruling against Cook Biotech Inc. and Purdue Research Foundation.

Silicon Graphics To Retain Paul Hastings

Monday, August 21, 2006

Silicon Graphics Inc. has requested permission to hire Paul, Hastings, Janofsky & Walker LLP to act as its special intellectual property counsel.

Courts Write History on Permanent Injunctions In Patent Actions

Monday, August 21, 2006

Although a few more pages have been filled on the subject, there are still more pages that need to be written before the full impact and proper manner of applying the logic set forth in eBay will be understood, say Anthony F. Lo Cicero and Charles R. Macedo of Amster, Rothstein & Ebenstein LLP.

DexCom Scores Stay, Partial Dismissal In Abbott Suit

Friday, August 18, 2006

DexCom Inc. revealed Friday that it received a favorable ruling in a patent infringement dispute with rival Abbott Diabetes Care Inc. over technology related to glucose monitors used by diabetics.

EchoStar Wins Block Of Damaging DVR Injunction

Friday, August 18, 2006

The U.S. Courts of Appeals for the Federal Circuit Friday blocked a temporary injunction that would have prevented Echostar Communication Corp. from selling some of its digitial video recorders and stopped the service of about 4 million DVRs within 30 days.

Gloves Come Off In Plavix Battle

Friday, August 18, 2006

Canadian generic drug maker Apotex has accused Bristol-Myers of engaging in illegal secret side deals that led to a Department of Justice investigation into a Plavix settlement agreement.