Bilski Decision Kills Vraston's Suit Over Trading Patent

Law360, New York (September 8, 2010, 2:39 PM EDT) -- A federal judge has dismissed Vraston Trading Inc.'s suit against several major stock exchanges over a patent covering the trading of exchange-traded funds, saying the patent is not enforceable in light of the U.S. Supreme Court's decision in Bilski v. Kappos.

In a ruling Wednesday, Judge Sydney H. Stein of the U.S. District Court for the Southern District of New York upheld an earlier agreement that said Vraston would drop its claims against Nasdaq OMX Group Inc., NYSE Euronext Inc., State Street Corp. and The Depository...
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