A full panel of the U.S. Court of Appeals for the Federal Circuit heard oral arguments in a case to determine the patent eligibility of a computer-assisted financial transaction method.
February 12, 2013 at 10:07 AM
1 minute read
The case pits CLS Bank International, the largest multi-currency cash settlement system for the foreign exchange market, versus Alice Corp., the patent holder of a "computerized trading platform for exchange obligations."
A panel of Federal Circuit judges validated the patents in a 2-1 ruling in July. In October, the Federal Circuit granted an en banc review.
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