On Wednesday, the Federal Circuit maintained the cap on Trading Technologies’ $6.6 million patent infringement victory against IBG LLC. In its decision, the court also delineated the application of a 2018 U.S. Supreme Court rule concerning foreign damages. Trading Technologies had sought for an increase in the damages awarded, a move the court rejected. The underpinning of the court’s decision was primarily based on an interpretation of the aforementioned Supreme Court rule.
The case shines a light on the evolving understanding and application of the U.S. law related to patent infringement claims and how they are being applied to foreign damages. These developments and the recent court decision impacting them are significant to legal professionals, particularly those involved in cases of international patent infringement.
More detailed coverage of this case can be found on Law360.