In Bloomberg Law, Scott McKeown Examines Rise in Bank Lawsuits After Business Patent Reviews End
Lawsuits against banks and e-commerce companies over financial services patents are piling up, following the expiration of a patent office challenge process that many saw as a potent defense mechanism against some litigation.
In a Bloomberg Law article, IP litigation partner and Patent Trial and Appeal Board practice chair Scott McKeown (Washington, D.C.) explains that district court filings involving patents that potentially would have been eligible for Covered Business Methods review spiked in the months after the program expired.
Scott said a number of patent portfolios were less attractive, particularly to litigation funders, when the CBM program was in place, likely discouraging litigation over business method patents.