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March 27, 2007
German patent court finds in DSS' favor
By Mike Dickinson
Dated: March 27, 2007
SOURCE: Rochester Business Journal
The German Federal Patent Court on Tuesday ruled a Perinton firm’s patent is valid in Germany, Document Security Systems Inc. said. The company contends the patent ruling affects all euro notes in circulation.
The judgment was the outcome of a one-day hearing held Tuesday. It comes a day after the company lost a similar case in England.
The patent was infringed, DSS alleges, by the European Central Bank during the cash changeover to the euro in January 2002. On this basis, DSS contends all euro notes in circulation infringe on its patent and with its lawsuit seeks royalties for past infringements.
DSS needed to win in only one national court for its patent to be considered valid, which could affect the movement and use of euro bank notes, company officials report.
DSS stock (AMEX: DMC) soared, climbing more than 28 percent to $11 a share at midday.
For the full article, click here.
Posted by andrewanissi at March 27, 2007 04:22 PM