In 2009, in the District Court for the Western District of Texas, a jury found MoneyGram had infringed upon four patents owned by Western Union.[1] However, upon appeal by MoneyGram, the Federal Circuit recently reversed that decision and found the four patents were invalid for obviousness in view of prior art presented during the jury trial.[2] The patents, in general, pertained to a system of monetary transfers that do not require the completion of forms.[3] These “formless” transfers were based upon a system developed by a company named Orlandi Valuta in 1997.[4] Read the remainder of this entry »
