United States Supreme Court

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Alice Corp. v. CLS Bank Int’l, 13-298

The patents in suit that disclose a computer implemented scheme for mitigating "settlement risk" by using a third-party intermediary, and claim a method for exchanging financial obligations, a computer system configured to carry out the method for exchanging obligations, and a computer-readable medium containing program code for performing the method of exchanging obligations, are drawn to the patent-ineligible abstract idea of intermediated settlement, so they are not patent eligible under 35 U.S.C. section 101.

Appellate Information

  • Decided 06/19/2014
  • Published 06/19/2014

Judges

  • THOMAS

Court

  • United States Supreme Court

Counsel