Intellectual Ventures Patent Lawsuit Dismissed

Last week Virginia U.S. District Judge Anthony Trenga dismissed a lawsuit filed against Capital One by Intellectual Ventures after finding that the two IV patents (US 8,083,137 and US 7,603,382) in the case were abstract ideas that could not be patented. The two patents declared invalid had also been asserted against Bank of America and several other financial institutions.

http://www.reuters.com/article/2014/04/17/capital-one-fin-ruling-idUSL2N0N900G20140417