USPTO Grants AIA Review Amid $525M Options-Trading IP Suit

Law360, New York (March 6, 2014, 7:43 PM EST) -- A U.S. Patent and Trademark Office board on Tuesday instituted post-grant reviews of three Chicago Board Options Exchange Inc. patents at the center of a $525 million suit the CBOE filed against the International Securities Exchange LLC, saying there's a strong likelihood the patents were invalid. 

The Patent Trial and Appeal Board reached a tentative conclusion that the invention described by the patents — a computerized risk monitoring and reduction system in an options market  —  didn't require the use of any novel technologies and didn't...
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