Fed. Circ. Reverses $9M IDT Gift Card Patent Judgment

Law360, New York (May 20, 2013, 5:09 PM EDT) -- The Federal Circuit on Monday overturned part of a $9 million verdict against IDT Corp., ruling a Texas jury lacked sufficient evidence to conclude that IDT gift card systems used by Walgreen Co. and other retailers infringed an Alexsam Inc. patent.

In a 2-1 decision, the Federal Circuit granted IDT's appeal insofar as it related to gift card systems used by Walgreens or a third party called EWI, which was used to activate cards sold by smaller retailers, but denied the company's bid to find that...
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