The Federal Circuit Court has expressed doubt concerning the claim that former CEO of Trading Technologies International Inc. is justified to nearly one billion dollars in damages due to patent infringement by IBG LLC on the company’s dynamic trading display. The endeavors of the former CEO to justify these claims were described by one panelist as “Jedi mind tricks”. Attorneys and legal consultants are doubtful of the massive damages claim standing up to further legal scrutiny.
Trading Technologies International Inc. alleged that IBG LLC had infringed the company’s dynamic trading display patents, thus leading to its exorbitant damages claims. Further details and developments of the case remain closely watched by the legal and corporate community.