Fed. Circ. Axes $3.5M Patent Verdict Against Safeway Unit

Law360, New York (March 12, 2014, 4:59 PM EDT) -- The Federal Circuit nixed a $3.5 million infringement verdict against a Safeway Inc. subsidiary on Wednesday, ruling that a lower court had misconstrued a claim in patent covering gift-card processing technology held by Interactive Communications International Inc.

Siding with Safeway's gift card unit Blackhawk Network Inc., the three-judge appeals panel ruled that U.S. Magistrate Judge Stephen Crocker had misconstrued a patent claim regarding how InComm’s computer program determines if a retailer’s point-of-sale device is authorized to make a gift card transaction.

Although Judge Crocker had found...
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.