CME Group Settles Infringement Suit Over Data Patent

Law360, New York (February 1, 2010, 1:29 PM EST) -- CME Group Inc. has settled a lawsuit with a Texas technology company that accused the futures exchange of infringing a patent for software that removes expired data from information storage systems.

Judge Leonard Davis of the U.S. District Court for the Eastern District of Texas issued an order Friday dismissing the claims with prejudice between CME Group and Tyler, Texas-based Bedrock Computer Technologies LLC.

The parties had asked for the dismissal after reaching a confidential settlement Jan. 15. The motion for dismissal said each side would...
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