Judge Slashes $1M Off ESpeed Patent Damages

Law360, New York (February 11, 2008, 12:00 AM EST) -- An Illinois federal judge has slashed $1 million off a $3.5 million award to Trading Technologies International Inc. after ruling that a jury upped eSpeed Inc.'s patent infringement damages beyond a reasonable royalty.

U.S. Judge James B. Moran of the Northern District of Illinois gave Trading Technologies the option to accept the remittitur of damages or to pursue a new trial on damages, according to the senior judge's order issued on Feb. 5. Trading Technologies was told to give its answer to the court by Wednesday....
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