James Singer was quoted in the Law360 article" Attorneys Discuss Impact of CLS Bank Decision." While the full text can be found in the May 13, 2013, issue of Law360, a synopsis is noted below.
A deeply divided en banc panel of the Federal Circuit has ruled that a computerized platform for reducing risk in financial trading offered by Alice Corp. was merely an abstract concept that's ineligible for patent protection.
Jim Singer shared his thoughts on what the decision in CLS Bank International v. Alice Corp. Pty. Ltd, means for patent law. "Patents that claim computer-implemented methods in very general terms — especially methods that involve a financial transaction — may face a higher degree of scrutiny. To survive that scrutiny, the claims will need to include meaningful limitations so that they don't preempt an abstract idea, no matter how it's implemented. System claims could become even more important in patent applications. Although a majority of the judges found the method and computer-readable medium claims patent-ineligible, only five of them took issue with the system claims."
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