Trading Technologies v. eSpeed: Verdict Update
As I posted yesterday afternoon, the jury came back for Trading Technologies ("TT"). The jury found that eSpeed willfully infringed TT's patents for a six month period in 2004, found the patents valid and awarded $3.5M in damages. The parties have not completed their bench trial on inequitable conduct. So, the Court may still hold the patents invalid based upon inequitable conduct, which would render the $3.5M damages award moot. But unless and until that happens, the award stands and has the potential to be as much as trebled based upon the willfulness finding.
There has been some press coverage already. Here is some of the best:
- Crain's Chicago Business
- Wall Street Journal (subscription required)
- Ad Hoc News
- CNN Money (AP story)
- Futures Magazine
- Reuters
You can read much more about this case and its related cases in the Blog's archives by clicking here.
