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August 11, 2006

Wall Street Patents

The New York Times has an interesting article in today's business section about the ongoing frenzy of business method patents among financial service firms such as Citigroup and Goldman Sachs.

Earlier this year, Patent Hawk worked extensively on a project to map holes in the neighborhoods of select areas of finance-oriented patents as a means to reap coverage in those areas by the client firm, one of the nation's largest financial services companies.

The action is intense - last year, 6,226 finance-oriented patent applications were filed, up from 927 in 1997, the year before the State Street ruling that opened the floodgates to business method patents.

Posted by Patent Hawk at August 11, 2006 12:00 AM | Patents In Business