Cantor Fitzgerald Files Patent Infringement Suit Against Liberty.NEW YORK--(BUSINESS WIRE)--June 21, 1999-- Cantor Fitzgerald Cantor Fitzgerald L.P. is a global financial services firm specializing in bond trading, as well as investment banking, asset management, market data and brokerage services. today announced that it has filed a lawsuit lawsuit: see procedure; tort. in Federal District Court in Delaware Delaware, state, United States Delaware (dĕl`əwâr, –wər), one of the Middle Atlantic states of the United States, the country's second smallest state (after Rhode Island). against Liberty Brokerage Investment Corp. and Liberty Brokerage, Inc. for infringement The encroachment, breach, or violation of a right, law, regulation, or contract. The term is most frequently used in reference to the invasion of rights secured by Copyright, patent, or trademark. of Cantor Fitzgerald's U.S. patent 5,905,974 which protects its Interactive Matching(SM) technology. Cantor Fitzgerald Securities and its affiliates use and rely upon Interactive Matching(SM) to implement an innovative and highly successful electronic auction trading protocol that rewards market makers and enhances fair and complete access to the trading process. The `974 patent is one of four U.S. patents owned by Cantor Fitzgerald. "Cantor Fitzgerald has invested millions of dollars in pioneering and developing this innovative technology, which has been widely accepted by the trading community. The United States Patent and Trademark Office The United States Patent and Trademark Office (PTO or USPTO) is an agency in the United States Department of Commerce that provides patent protection to inventors and businesses for their inventions, and trademark registration for product and intellectual property has agreed with us that our invention is unique and worthy of protection under the patent laws," said Debra Walton-Collings, Managing Director of Cantor Fitzgerald, L.P. Cantor Fitzgerald provides a broad spectrum of institutional brokerage and execution services to the global financial markets. It operates the world's largest electronic marketplace for G-10 sovereign debt, emerging markets, and Eurobonds and is also one of the largest "third market" equity operations in the U.S. stock market. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion