Patent Lawsuit Targets European Bank Notes

Law360, New York (August 1, 2005, 12:00 AM EDT) -- A U.S. maker of anti-counterfeiting technology has sued the European Central Bank, claiming that every euro banknote in circulation infringes on a European patent.

In its complaint, Document Security Systems asserts that the central bank, based in Frankfurt, is incorporating a patented anti-counterfeiting feature into banknotes. The technology was designed to protect against forgeries by digital scanning and copying devices.

Twelve member states in the European Union swapped to the euro in January 2002, and seven denominations of new bank notes were designed and printed. By...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.