Jury Awards $8.1M To Grant Street In Auction Patent Row

Law360, New York (June 17, 2013, 7:42 PM EDT) -- A Pennsylvania federal jury on Monday found that Realauction.com LLC willfully infringed on a patent held by online auctioneer Grant Street Group Inc. for an 11-month period and awarded Grant Street Group $8.1 million in damages.

The jury found that Realauction's product RealTaxLien, an online platform that facilitates local government auctions of delinquent tax certificates, intentionally infringed on Grant Street Group's patent covering a specific process for conducting online auctions and sharing results with bidders.

The period of the infringement lasted from April 20, 2009, to...
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