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Fed. Circ Challenges $1B Foreign Damages Claim In IBG Case

By Jared Foretek (January 8, 2024, 8:38 PM EST) -- Federal Circuit judges expressed skepticism at arguments that the former CEO of Trading Technologies International Inc. is entitled to nearly $1 billion damages because IBG LLC infringed the company's dynamic trading display patents, with one panelist saying his interpretation of a 2018 Supreme Court ruling would "blow up" well-worn precedent about U.S courts not applying U.S. law abroad. ...

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