Biz Method Patent Challenge Halts Suits Over Trading System

Law360, New York (February 08, 2013, 6:11 PM ET) -- A Delaware federal judge on Tuesday stayed infringement suits against Bloomberg Finance LP and others after the companies sought to challenge the trading system patent at issue under the U.S. Patent and Trademark Office's new business method patent review, without waiting for the agency to take up the challenge.

Judge Gregory Sleet of the District of Delaware granted a motion for a stay by Bloomberg and other defendants who are using the America Invents Act's new program for reviewing business method patents to challenge the validity...
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