March 21, 2013
/PRNewswire/ -- Fish & Richardson announced today that it won a patent infringement case in favor of the
Board Options Exchange Incorporated (CBOE) that had been brought by International Securities Exchange LLC (ISE) in the U.S. District Court for the Northern District of Illinois. Moments before openings were set to begin in the
March 14, 2013
trial, which had at stake over
in damages plus trebling, ISE consented to entry of a judgment of non-infringement in favor of CBOE.
Fish won the case using a strategy that involved a series of pre-trial motions, including motions
to exclude certain evidence at trial. The combined effect of several pretrial rulings in CBOE's favor led ISE to conclude that it could not present its case to a jury.
ISE sued CBOE in 2006 alleging that CBOE infringed its patent on an automated exchange. CBOE operates the Hybrid Trading System, which combines manual open outcry and electronic trading.
The Fish trial team representing CBOE included
, principals in the firm's
Fish & Richardson is a global law firm providing strategic counseling and litigation services to innovative clients who seek to protect and maximize the value of their intellectual property (IP). Founded in 1878, Fish's early clients included
Alexander Graham Bell
and the Wright Brothers. The firm has more than 400 attorneys and technology specialists practicing IP strategy and counseling, IP litigation, and commercial litigation. Fish is consistently singled out for its superior technical expertise and great results, and has been named the top patent litigation firm in the country for nine consecutive years, the number one IP firm for America's biggest companies, and an elite top tier law practice. For more information, visit
or follow @fishrichardson on Twitter.
SOURCE Fish & Richardson