Reexamination of Financial Systems Technology (FST) Database Patent Favorably Concluded

October 23, 2009 – Firm News

Alexandria, Va.– U.S. Patent No. 5,826,259 (‘259 Patent) owned by Financial Systems Technology (FST) was confirmed valid by the USPTO; a Notice of Intent to Issue a Reexamination Certificate was issued on September 18, 2009. The ‘259 Patent relates to relational database technology and is asserted against Oracle the United States District Court for the Eastern District of Texas.

Of note, the USPTO reexamination once again confirmed the ‘259 Patent valid without amendment to the originally issued claims.

“The ‘259 Patent has now been reexamined twice by the USPTO at the request of Oracle. Each instance of reexamination has only served to reinforce the strength of this patent.” said Scott A. McKeown, reexamination counsel for FST and partner with the post grant patent practice group of Oblon, Spivak, McClelland, Maier & Neustadt, L.L.P.

For a background of the litigation and reexamination history, follow the link below. http://www.ipernica.com/IRM/content/investors_asxannouncements.html

The ongoing infringement action is before Judge Ward of the Eastern District of Texas.