Trading Technologies International, Inc. v. eSpeed, Inc.

507 F. Supp. 2d 854, 2007 U.S. Dist. LEXIS 48443, 2007 WL 1810519
CourtDistrict Court, N.D. Illinois
DecidedJune 20, 2007
Docket04 C 5312
StatusPublished
Cited by2 cases

This text of 507 F. Supp. 2d 854 (Trading Technologies International, Inc. v. eSpeed, Inc.) is published on Counsel Stack Legal Research, covering District Court, N.D. Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Trading Technologies International, Inc. v. eSpeed, Inc., 507 F. Supp. 2d 854, 2007 U.S. Dist. LEXIS 48443, 2007 WL 1810519 (N.D. Ill. 2007).

Opinion

MEMORANDUM OPINION AND ORDER

MORAN, Senior District Judge.

Plaintiff Trading Technologies International, Inc. (“TT”) brought this suit against defendants eSpeed, Inc., eSpeed International, Ltd., Ecco LLC, and EccoWare, Ltd. (collectively “eSpeed”), alleging infringement of U.S. Patent Nos. 6,766,304 ('304) and 6,882,132 ('132). Both patents, similar in scope and language, relate to computer software used for electronic trading in the futures market. On February 9, 2005, we preliminary construed pat-entee’s claims in conjunction with our preliminary injunction analysis. Trading Technologies Int’l Inc. v. eSpeed, Inc., 370 F.Supp.2d 691 (N.D.Ill.2005) (“Preliminary Injunction Order”). While we ultimately denied a preliminary injunction, our preliminary claim construction aligned primarily with plaintiffs claim interpretation. Later, after a three-day Markman hearing, we again construed the patents’ claims. Trading Technologies Int’l Inc. v. eSpeed, Inc., 2006 WL 3147697 (N.D.Ill. *857 2006) (“Claim Construction Order”). Based on additional information and in-depth analysis, we significantly adjusted our initial construction of the claims in the patents-in-suit. After another look at our claim construction analysis, we substantially reaffirmed our ’ constructions. Trading Technologies Int’l Inc. v. eSpeed, Inc., 2007 WL 611258 (N.D.Ill.2007) (“Clarification Order”). Now, after significant and somewhat contentious discovery, the parties have filed cross-motions for summary judgement regarding the alleged infringement. For the reasons stated herein, we grant defendant’s motion for summary judgment of non-infringement and deny' plaintiffs cross-motion for partial summary judgment.

BACKGROUND

Summary judgment is proper “if the pleadings, depositions, answers to interrogatories, and admissions on file, together with the affidavits, if any, show that there is no genuine issue as to any material fact,” such that the moving party is entitled to judgment as a matter of law. Fed. R.CrvP. 56(c). For purpose of summary judgment, we construe the facts in favor of the non-movant (Adickes v. S.H. Kress & Co., 398 U.S. 144, 157, 90 S.Ct. 1598, 26 L.Ed.2d 142 (1970)), and draw all inferences and view underlying facts in the light most favorable to the non moving party. U.S. v. Diebold, Inc., 369 U.S. 654, 655, 82 S.Ct. 993, 8 L.Ed.2d 176 (1962). The mere existence of some factual dispute will not frustrate an otherwise proper summary judgment; only a genuine dispute over a material fact will defeat summary judgment. Anderson v. Liberty Lobby, Inc., 477 U.S. 242, 247-248, 106 S.Ct. 2505, 91 L.Ed.2d 202 (1986).

Plaintiff has alleged that defendants have developed and sold, and continue to develop and sell, products that infringe the '132 and '304 patents. Claim 1 of each of the patents is representative. Claim 1 of the '132 patent reads:

A method of placing a trade order for a commodity on an electronic exchange having an inside market with a highest bid and a lowest ask price, using a graphical user interface and a user input device, said method comprising:

[1] setting a preset parameter for the trade order
[2] displaying market depth of the commodity, through a dynamic display of a plurality of bids and a plurality of asks in the market for the commodity, including at least a portion of the bid and ask quantities of the commodity, the dynamic display being aligned with a static display of prices corresponding thereto, wherein the static display of prices does not move in response to a change in the inside market;
[3] displaying an order entry region, aligned with the static display prices comprising a plurality of areas for receiving commands from the user input devices to send trade orders, each area corresponding to a price of the static display of prices; and
[4] selecting a particular area in the order entry region through a single action of the user input device with a pointer of the user input device positioned over the particular area to set a plurality of additional parameters for the trade order and send the trade order to the electronic exchange.

Claim 1 of the '304 patent reads:

A method for displaying market information relating to and facilitating trading of a commodity being traded in an electronic exchange having an inside market with a highest bid price and a lowest ask price on a graphical user interface, the method comprising:
*858 [1] dynamically displaying a first indicator in one of a plurality of locations in a bid display region, each location in the bid display region corresponding to a price level along a common static price axis, the first indicator representing quantity associated with at least one order to buy the commodity at the highest bid price currently available in the market;
[2] dynamically displaying a second indicator in one of a plurality of locations in an ask display region, each location in the ask display region corresponding to a price level along the common static price axis, the second indicator representing quantity associated with at least one order to sell the commodity at the lowest ask price currently available in the market;
[3] displaying the bid and ask display regions in relation to fixed price levels positioned along the common static price axis such that when the inside market changes, the price levels along the common static price axis do not move and at least one of the first and second indicators moves in the bid or ask display regions relative to the common static price axis;
[4] displaying an order entry region comprising a plurality of locations for receiving commands to send trade orders, each location corresponding to a price level along the common static price axis; and
[5] in response to a selection of a particular location of the order entry region by a single action of a user input device, setting a plurality of parameters for a trade order relating to the commodity and sending the trade order to the electronic exchange.

Because the remainder of the facts cited in the parties’ statements of material facts are largely argumentative and support their broader contentions, we discuss the relevant facts below,

DISCUSSION

eSpeed’s motion for summary judgment centers on certain of its accused products; Dual Dynamic versions of the eSpeed and Ecco products (“Dual Dynamic”); the eSpeedometer versions of the eS-peed and Ecco products (“eSpeedometer”); and the Modified eSpeedometer version of the eSpeed and Ecco products (“Modified eSpeedometer”). The parties’ motions, and this order, do not address any remaining accused products.

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507 F. Supp. 2d 854, 2007 U.S. Dist. LEXIS 48443, 2007 WL 1810519, Counsel Stack Legal Research, https://law.counselstack.com/opinion/trading-technologies-international-inc-v-espeed-inc-ilnd-2007.