CORRECTED: Pier 1 Didn't Infringe Gift Card Patents, Jury Says

Law360, New York (October 25, 2011, 3:25 PM EDT) -- A Texas federal jury on Monday determined that retailer Pier 1 Imports Inc. had not infringed patent-holding company Alexsam Inc.'s intellectual property for gift card technology, but did not find that the patent claims at issue were invalid.

Alexsam claimed Pier 1 had violated U.S. Patent Numbers 6,000,608, issued in 1999; and 6,189,787, issued in 2001. Both patents describe technology associated with a multifunctional card that can serve as a debit card, prepaid phone card or loyalty card, among other uses.

The complaint, filed in January...
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