CLS wins 'patent troll' Supreme Court case

Market disruption averted as unanimous decision goes in CLS's favour

David Puth at CLS
David Puth, CLS

Foreign exchange settlement service CLS won its long-running legal dispute with ‘patent troll' Alice Corporation this week, when the US Supreme Court decided unanimously that the abstract idea of intermediated settlement is not patent eligible. The industry is likely to greet the decision with a sigh of relief, as CLS had warned that defeat could lead to serious market disruption and a rise in overall trading costs. Alice Corp, a little-known Australian firm that buys up technology pate