Defendant

Chart Trading Development, LLC

5 cases as defendant.

Cases
5
Active
0
5 closed
Filed
2016
Top venue
PTAB
1 case
Also appears as a plaintiff in 4 cases → View as plaintiff

Company profile

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Chart Trading Development, LLC ("CTD") is a Texas limited liability company with a principal place of business at 100 E. Ferguson, Suite 609, Tyler, Texas — an address in the Eastern District of Texas's Tyler Division. It was formed as a patent-holding vehicle: in a November 23, 2015 assignment recorded with the USPTO, BGC Partners, Inc. transferred a portfolio of electronic-trading patents to CTD, and CTD filed suit against four groups of brokerage defendants ten days later. CTD is not publicly traded and files no financials; no employee count or revenue is verifiable, and sources describe it as a subsidiary-affiliated entity of BGC Partners (the entity's PTAB mandatory notices identify Chart Trading Development, LLC, BGC Partners, L.P., BGC Partners, Inc., and Cantor Fitzgerald, L.P. as real parties-in-interest). Unified Patents classifies the owner as an NPE/patent assertion entity.

Operations. CTD has no operating business, products, or services. Its assets are US patents covering graphical trading interfaces and chart-based order entry — including Nos. 7,113,190; 7,890,416; 8,041,626; 8,060,435; 8,380,611; 7,696,997; and 9,875,507 — originally assigned to eSpeed, Inc. / BGC Partners and naming inventor Timothy H. Heaton. The claims recite user interfaces for displaying market graphs, trading dialog boxes, and configurable order-entry screens.

Litigation posture. CTD is a one-directional plaintiff: all four district-court cases are suits it filed (Dec. 3, 2015, E.D. Tex., Tyler Division) against CQG, NinjaTrader, Interactive Brokers, and TradeStation, consolidated into lead case 6:15-cv-1136 and reportedly asserting five patents against roughly 32 defendants. Its five "defendant" entries are not infringement suits but Covered Business Method reviews the accused brokers filed against it at the PTAB in February–March 2016.

Notable cases. The CBM petitions (CBM2016-00038, -00039, -00046, -00047, -00048) were all instituted, and the PTAB's August–September 2017 final written decisions held the challenged claims unpatentable under 35 U.S.C. § 101 and/or § 103. The Federal Circuit affirmed by Rule 36 in December 2018. BGC and Cantor separately filed an amicus brief urging Supreme Court review of the PTAB's CBM "technological invention" exception, using this litigation as the illustration.

CQG, Inc. et al. v. Chart Trading Development, LLC

final written decision; claims invalidated
Docket:
CBM2016-00046
Filed:
2016-03-18
Terminated:
2017-09-01
Patents:7890416

Covered business method review of U.S. Patent No. 7,890,416 brought by CQG, Inc. and other petitioners against patent owner Chart Trading Development, LLC. The PTAB instituted review on September 13, 2016, and issued a final written decision on September 1, 2017, invalidating the claims.

CQG, Inc. et al. v. Chart Trading Development, LLC

Final Written Decision
Docket:
CBM2016-00047
Filed:
2016-03-18
Terminated:
2017-09-01
Patents:8041626

Covered Business Method review petition filed by CQG, Inc., CQG, LLC, and Interactive Brokers LLC against Chart Trading Development, LLC, challenging U.S. Patent No. 8,041,626 under 35 U.S.C. §§ 101, 102, and 103. The PTAB instituted review and issued a Final Written Decision on September 1, 2017.

CQG, Inc. v. Chart Trading Development, LLC

Final Written Decision
Docket:
CBM2016-00048
Filed:
2016-03-18
Terminated:
2017-09-01
Patents:8060435

CQG, Inc. petitioned for Covered Business Method review of U.S. Patent 8,060,435 owned by Chart Trading Development, LLC. The PTAB instituted review on September 12, 2016, and issued a Final Written Decision on September 1, 2017. The Board's institution decision noted that CQG was sued for infringement of the '435 patent.

Interactive Brokers LLC et al. v. Chart Trading Development, LLC

final written decision; all claims unpatentable; affirmed on appeal
Docket:
CBM2016-00038
Filed:
2016-02-19
Terminated:
2017-08-18
Patents:7113190

Covered Business Method review petition challenging all claims of U.S. Patent No. 7,113,190. Instituted August 23, 2016; final written decision August 18, 2017 held all challenged claims unpatentable under 35 U.S.C. § 101 and § 103(a) and denied Patent Owner's motion to amend.

Interactive Brokers LLC et al. v. Chart Trading Development, LLC

final written decision; claims unpatentable
Docket:
CBM2016-00039
Filed:
2016-02-19
Terminated:
2017-08-18
Patents:8380611

Covered business method review of U.S. Patent No. 8,380,611. The Board instituted review of claims 1-22 and issued a Final Written Decision on August 18, 2017, holding all claims unpatentable under 35 U.S.C. §§ 101 and 103(a); the contingent motion to amend was denied.