FX Guys

Court dashes OANDA’s attempt to compel GAIN Capital to produce additional data

GAIN Capital will not have to produce additional data from its JIRA system in a patent infringement lawsuit filed by OANDA. Magistrate Judge Douglas E. Arpert of the New Jersey District Court has signed an order denying OANDA’s motion to compel the document production.

OANDA alleges that its competitor GAIN’s foreign exchange trading technologies infringe two of Plaintiff’s patents, U.S. Patents No. 7,146,336 (the ʼ336 Patent) and No. 8,392,311 (the ʼ311 Patent). These patents claim systems and methods for online currency trading that improve upon prior art online currency trading. Specifically, the Complaint alleged GAIN has infringed one or more claims of the Patents by making, using, selling, offering for sale, or selling products and/or services that…
Read More