• Patents on Computerized Settlement of Foreign Exchange Transactions Invalid Under Bilski
  • April 5, 2011 | Authors: Joshua D. Curry; Ann G. Fort; Malvern (Griff) U. Griffin; William F. Long
  • Law Firm: Sutherland Asbill & Brennan LLP - Atlanta Office
  • In another district court decision applying Bilski v. Kappos, the U.S. District Court for the District of Columbia has declared four patents invalid as directed to unpatentable “abstract ideas.” CLS Bank Int’l v. Alice Corp. Pty. Ltd., No. 07-974, 2011 WL 80207, at *1 (D.D.C. Mar. 9, 2011). The decision addresses patents purporting to cover computer-implemented methods, systems, and products for exchanging financial obligations. If this decision is upheld on appeal, it could have sweeping effects on business and financial method patents, calling into question the validity of these types of patents across many technology sectors.