Alice Saves Insurers From Intellectual Ventures: Fed. Circ.
Law360, New York (March 7, 2017, 8:39 PM EST) -- The Federal Circuit on Tuesday upheld a lower court’s ruling that two patents Intellectual Ventures asserted against insurers including Erie Indemnity Co. are invalid for claiming only abstract ideas, and that the patent licensing company lacked standing to assert a third.
The appeals court held that a Pennsylvania federal judge correctly found that Intellectual Ventures’ patents on accessing computer data and locating information in a database are invalid under the U.S. Supreme Court’s Alice ruling that abstract ideas implemented using a computer are not patent-eligible.
Intellectual Ventures, a major patent licensing company that owns over 70,000 patents, sued Erie and Old...
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