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Oct 20, 2009

Comments

Is there some reason you are missing Markman?

Thanks TJ - I'm fixing the post to pick up cases that I originally missed.

Speaking of State Street:

http://dealbook.blogs.nytimes.com/2009/10/20/california-sues-state-street-for-200-million/?hp

---------------------------
California’s attorney general, Jerry Brown, said Tuesday that he was suing State Street, the large Boston-based bank, accusing it of committing “unconscionable fraud” against the state’s two largest employee pension funds, Calpers and Calstrs. Mr. Brown said he was seeing to recover more than $200 million in overcharges and penalties.

Mr. Brown contended that although the bank was contractually obligated to charge the interbank rate to the pension funds at the precise time of the trade, State Street consistently charged at or near the highest rate of the day, even if the interbank rate was lower at the time of trade.

Mr. Brown said that State Street tried to conceal the fraud by deliberately failing to include time-stamp data in its reports to Calpers, as the California Public Employees’ Retirement System is known, and Calstrs, the California State Teachers’ Retirement System.
----------------------------

We claim:

1. A method of maximizing profits, comprising: identifying a chargeable fund; charging said fund a rate, wherein said rate is charged at or near the highest rate of the day; generating a report of said charges, wherein said report omits sub-daily time stamp information relating to the charges; transmitting or otherwise making said report available to a manager of said fund.

Don't forget, little people, you need to stick out your tongues so you can catch those delicious profits as they inevitably trickle down.

Love,

"Don't forget, little people, you need to stick out your tongues so you can catch those delicious profits as they inevitably trickle down.

Love,

Posted by: The Rehnquist Court"

Is that sarcasm that I am picking up on? Mooneyism? Or both?

"1. A method of maximizing profits, comprising: identifying a chargeable fund; charging said fund a rate, wherein said rate is charged at or near the highest rate of the day; generating a report of said charges, wherein said report omits sub-daily time stamp information relating to the charges; transmitting or otherwise making said report available to a manager of said fund."

Totally passes 101 amirite?

Imo we need more patents like this one. Quick AI GET ON IT!!!!

I'm surprised the Arti Rai swearing in news isn't on here yet. I was expecting to get home and get to read 100 comments worth of sunners blowing gaskets.

Also, examiner overtime is back.

updating of this comment in-progress

"Don't forget, little people, you need to stick out your tongues so you can catch those delicious profits as they inevitably trickle down."

Awesome, this will be just like that time back in the 80's when we cut taxes to the ultra-wealthy and as a result poverty ceased to exist. Remember that?

Assailing the inanities of 6 and Malcolm in-progess.

Pounding the refresh button in-progress.

P.S. The suspense is killing me!

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