Fed. Circ. Upholds Bank’s Alice Win Over Intellectual Ventures
Law360, New York (March 7, 2017, 8:22 PM EST) -- The Federal Circuit on Tuesday affirmed a lower court’s decision that two patents Intellectual Ventures asserted against Capital One are invalid for claiming abstract ideas, a victory for the bank as it pursues a related antitrust case over Intellectual Ventures’ patent strategy.
The appeals court held that a Maryland federal judge correctly found that the two patents cover only patent-ineligible subject matter under the U.S. Supreme Court’s Alice ruling, and that Intellectual Ventures could not assert a third patent against Capital One Financial Corp. because it was invalidated under Alice in a different case.
Intellectual Ventures, a major patent licensing company...
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