StockHouse: Court Reverses Jury Decision in eSpeed-Trading Technologies Patent Case
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Started by: zoobabzoobab
Date: 11 Jan 2008 15:55
Number of posts: 1
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Summary:
In his January 3, 2008 order, the judge agreed with eSpeed's motion for a judgment as a matter of law, overturning the jury's October 10, 2007 verdict that certain versions of eSpeed's futures-trading software had infringed TT's patents. The judge also denied TT's motion for enhanced damages, which had been premised upon proof of willful infringement. It is expected the judge will issue a subsequent ruling with respect to whether the amount of the damage award, which the jury had assessed to be $3.5 million, should be reduced.
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