Thomson wins appeal of software patent verdict

Posted on Posted in Software

PITTSBURGH – A federal appellate court in Philadelphia on Monday overturned a jury’s finding that Thomson Reuters Corp. infringed a patent for trading municipal bonds in Internet auctions.

Jurors awarded MuniAuction Inc. $38.4 million in damages in October 2006 after finding New York-based Thomson Corp. willfully infringed MuniAuction’s patent.

The 3rd U.S. Circuit Court of Appeals overturned that decision, finding that Thomson didn’t infringe on any patents.

U.S. District Judge Gary Lancaster had said the jury believed Thomson deliberately copied MuniAuction’s software and tried to portray itself as a group of small companies, rather than the billion-dollar business it is. doubled the damages and tacked on prejudgment interest in July 2007. Lancaster doubled the damages and tacked on prejudgment interest, raising the award to more than $84 million.

Lawyers for Pittsburgh-based Grant Street Group, MuniAuction’s parent company, argued it developed the software for selling municipal bonds online in April 1996. The program opened the process and increased the number of businesses that could participate in bidding, they said.

Thomson Corp. — the company’s name before it bought Reuters in April — and i-Deal began offering a similar service for free in 1998.

The 3rd Circuit judges noted “that the use of the Internet and web browser technology to conduct electronic auctions was well-established at the time the (MuniAuction) patent application was filed.”

They said they were not persuaded by MuniAuction’s argument that “a person of ordinary skill would not have known how to implement the communicating and displaying steps of the patent with a web browser during the relevant time period.”

A message left for a Thomson Reuters spokesman Monday afternoon was not immediately returned. A receptionist who answered the phone at Grant Street Group Monday afternoon said the company was not immediately commenting on the issue.

Srinivas Katam

Do you need help growing your business? Srinivas Katam is a Digital Marketing Strategist and Consultant with over 200 successful SEO and Social Media client engagements completed. I’ve worked with brands across the world as a digital marketing consultant to deliver revenue growth from content-focused inbound marketing campaigns. He has been partnering with companies like yours for more than 13+ years to provide more traffic with better results. He is an Innovative Marketer who specializes in digital marketing, specifically in social media, SEO and online strategy.

More Posts - Website

Follow Me:
TwitterFacebookLinkedInPinterestGoogle PlusDiggStumbleUponYouTubeRedditDelicious

Leave a Reply

Your email address will not be published. Required fields are marked *