Banks, Exchanges Urge Fed. Circ. To Uphold RealTime Ruling

Law360, New York (May 23, 2013, 1:33 PM EDT) -- An elite roster of the world's investment banks, securities exchanges and financial publications urged the Federal Circuit on Monday to affirm lower court rulings that they hadn't infringed data-compression patents held by software company RealTime Data LLC.

Goldman Sachs Group Inc., NYSE Euronext and Bloomberg LP, as well as a slew of each company's competitors, pushed the appellate court to reject RealTime's appeal, which claims the lower court misconstrued its patents when it ruled that nobody had infringed it.

The banks and the publications, for instance,...
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