Case Filed: Dec 06, 2012
Case Closed: Jan 27, 2014
Origin Cases: 6:10-cv-00426,
1:11-cv-06696 and 1:11-cv-06704
Plaintiff: Realtime Data
Defendants: Morgan Stanley, Goldman
Sachs, HSBC, NASDAQ OMX Group, Thomson Reuters, Interactive Data and Others
Case Summary:
Realtime initially sued a variety
of financial industry companies including Morgan Stanley in the Eastern
District of Texas, categorized as stock exchanges, banks, and market data
providers, alleging that the defendants infringed its patents by utilizing data
compression products and/or systems.
Realtime brought three suits,
each against defendants in a similar line of business, alleging infringement of
several patents by utilizing systems incorporating FAST. The suits were transferred to New York from
Texas. The patents involved in the suit were:
- US7777651 entitled ‘System and Method for Data Feed Acceleration and Encryption’, issued on Aug 17, 2010 and expiring[*] by Oct 03, 2021.
- US6624761 entitled ‘Content independent data compression method and system’ issued on Sep 23, 2003 and expiring* by Dec 11, 2018
- US7161506 entitled ‘Systems and methods for data compression such as content dependent data compression’ issued on Jan 09, 2007 and expiring* by Dec 11, 2018
- US7400274 and US7417568 both entitled ‘System and method for data feed acceleration and encryption’ issued on Jul and Aug 2008 and expiring* by Oct 03, 2021
- US7714747 entitled ‘Data compression systems and methods’ issued on May 11, 2010 and expiring* by Dec 11, 2018
All of these patents are
currently assigned[†]
to Realtime (source: MaxVal’s Assignment
Database). The patents relate to data compression technology, which
Realtime alleged defendants as infringing. In its prayer for relief, plaintiff
sought Court to enter judgment in favor.
The defendants moved for summary
judgment of non-infringement and invalidity of several claims of the ’651 and
’747 patents. Upon consideration, Court in Nov 2012, entered final judgment
against Realtime favoring defendants including Morgan Stanley and dismissed the
case without prejudice.
After multiple decisions from
District Courts, Realtime appealed to federal circuit against summary judgment
of non-infringement and invalidity of patents. The three patents at issue were:
‘568, '747 and '651 patents. The patents disclose a process that uses
specialized encoders to compress data based on the content of the data.
Determining the case details, Federal
Court concluded that the District Court did not err in granting summary
judgment of non-infringement or invalidity of the appealed claims.
See 2013-1101 for more details. To get alerts on cases
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* Expected expiration date using Patent Term Estimator, use our free tool or download our free Android app on Google Play Store.
[*]
Expected
expiration date. Patent
Term Estimator is a free
web-based tool that automatically calculates patent terms and expiration dates
for U.S. utility patents.
[†]
MaxVal
offers Patent Assignment Alert service where subscribers receive email alerts
when assignments relating to target applications, patents or entities of
interest are recorded.
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