Intellectual Ventures Banking Patents Survive Alice Test
Law360, New York (May 12, 2015, 7:07 PM EDT) -- A special master determined Tuesday that two mobile banking patents held by Intellectual Ventures LLC are legitimate, recommending that a Maryland federal court dismiss arguments filed in the infringement and antitrust case by defendant Capital One Financial Corp.
In the face of cross motions for summary judgment on Patent Numbers 6,546,002 and 7,984,081, Raphael V. Lupo found that Intellectual Ventures' use of the mobile interface to achieve the goal of its invention meant that they are not abstract ideas.
Capital One argued that the claims failed the test established by the Supreme Court in last year's Alice decision, which held that...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!