Judge Slashes $1M Off ESpeed Patent Damages

Law360, New York (February 11, 2008, 12:00 AM EST) -- An Illinois federal judge has slashed $1 million off a $3.5 million award to Trading Technologies International Inc. after ruling that a jury upped eSpeed Inc.'s patent infringement damages beyond a reasonable royalty.

U.S. Judge James B. Moran of the Northern District of Illinois gave Trading Technologies the option to accept the remittitur of damages or to pursue a new trial on damages, according to the senior judge's order issued on Feb. 5. Trading Technologies was told to give its answer to the court by Wednesday....
To view the full article, register now.