Trading Technologies Settles Patent Lawsuit Vs. Patsystems Over Futures Trading Platform

Law360, New York (May 20, 2005, 12:00 AM EDT) -- Patsystems PLC, one of the companies targeted by Trading Technologies’ broad legal assault over patents for a trading platform for the futures market, has agreed to settle the dispute out of court, the company said.

Patsystems offered no further details on the settlement, but said it believed the deal would be in the best interests of the company and that it would have no “material financial impact” on its results.

“The lawsuit will be disposed of once the settlement has been approved by the court,” Patsystems...
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