September 3, 2015 / 9:22 PM / 4 years ago

Capital One wins again against Intellectual Ventures patents

(Reuters) - The increasingly aggressive litigation strategy of Intellectual Ventures, one of the world’s biggest patent owners, took another hit on Wednesday as a U.S. court canceled two of its patents in a dispute with Capital One Financial Corp.

U.S. District Judge Paul Grimm in Greenbelt, Maryland, agreed with Capital One’s attorneys from Latham & Watkins that the two patents related to business data processing were merely abstract ideas and could not be patented. He overturned the findings of a special master, who had previously recommended that the patents be found valid.

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