We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Jury Invalidates eSpeed Patent In Bond-Market Suit

Law360 (February 23, 2005, 12:00 AM EST) -- In a blow to bond dealer Cantor Fitzgerald, a Delaware jury has found that eSpeed Inc.’s patent on electronic bond-trading technology is invalid.

A jury in the U.S. District Court for the District Of Delaware, which has been hearing the patent infringement claim for the last two weeks, found that the eSpeed's patent is invalid because the company “failed to provide adequate written description” of the technology.

Cantor and its ESpeed Inc. electronic-trading unit sued ICAP units Garban LLC and BrokerTec USA units in 2003, contending...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.