CNN: Appeals Panel Reviews Standard For Business-Method Patents
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Started by: zoobabzoobab
Date: 12 May 2008 10:24
Number of posts: 1
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Summary:
In a rare 12-judge session, the Federal U.S. Circuit Court of Appeals said it was using the Bilski case, which involves a process for reducing weather-based risk in commodities trading, to consider stemming a tide of business-process patents that has followed the panel's 1998 ruling in State Street Bank & Trust. The State Street case involved a process for handling mutual-fund assets and said processes could be awarded if they achieve a "useful, concrete and tangible" result.
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