Bilski - A Financial Patent's Waterloo?
BY JAMES M. BOLLINGER, TROUTMAN SANDERS LLP
Law360, New York (July 23, 2010) -- Michael Lewis's best-seller, The Big Short, reads like the best of Agatha Cristie's mysteries, chronoicling the collapse of the subprime mortgage market and its infectious spread to the underpinnings of our credit system, methodically wiping out wealth measured in trillions of dollars.
On the heels of its two-year recovery, these markets are now confronted with a new and complex infrastructure of financial regulations that might even embarrass Carter Glass and Henry Steagall of Glass-Steagall fame. To this, now add the U.S. Supreme Court's ruling in Bilski - a ruling many thought would remove patent protection from this industry. Did it?
