Cedar Lane Technologies Inc. v. Corinthian Partners, L.L.C.
active- Docket:
- 1:25-cv-07848
- Court:
- S.D.N.Y.
- Filed:
- 2025-09-22
Cedar Lane Technologies Inc. filed suit against Corinthian Partners, L.L.C. in S.D.N.Y. asserting US 8,577,782.
Defendant
1 case as defendant.
Corinthian Partners, L.L.C. (also styled Corinthian Partners, LLC; commonly "Corinthian Partners") is a privately held boutique investment bank and securities broker-dealer headquartered in Midtown Manhattan, New York. Founded in 1996, it is a single-member LLC and a wholly owned subsidiary of Corinthian Holdings, LLC, per its audited SEC FOCUS Report filings (CIK 0000948391). It is registered with the SEC as a broker-dealer, is a FINRA member and SIPC member, and does not carry customer accounts. It is small: FY2024 audited statements show roughly $755,000 in total revenue, a net loss of about $256,000, and total assets of about $226,000. Third-party database headcount/revenue estimates (13–150 employees; $12.8M) are inconsistent and unsourced; use the SEC figures.
Services. The firm executes principal and agency transactions in listed and over-the-counter securities and retails corporate equity securities and mutual funds; it also handles private placements, advisory services, and investment banking (mergers and acquisitions, fairness opinions, restructurings, bridge and multi-round financing, recapitalization advisory). It provides wealth-management and hedge-fund-marketing services, including through affiliate Corinthian Partners Asset Management, LLC, and acts as a limited-purpose depositary in connection with sponsored American Depositary Receipt programs. It is an operating financial-services firm, not a patent-holding entity.
Litigation posture. The tracked data show exactly one case and the company appears only as a defendant (0 as plaintiff) — the profile of an operating company targeted by an NPE. Plaintiff Cedar Lane Technologies Inc. is a well-documented Canadian patent assertion entity (Nelson, British Columbia) that has filed hundreds of suits, overwhelmingly against financial-services firms, with a reported ~96% settlement/dismissal resolution rate. The asserted patent, US 8,577,782, claims "trading with conditional offers for semi-anonymous participants" — a trading-systems patent, not a product Corinthian is alleged to sell.
Case context. Cedar Lane Technologies Inc. v. Corinthian Partners, L.L.C. (1:25-cv-07848, S.D.N.Y., filed Sept. 22, 2025, before Judge Jed S. Rakoff) was the sole tracked appearance. Cedar Lane filed a notice of voluntary dismissal without prejudice under Rule 41(a)(1)(A)(i), which Judge Rakoff granted on Oct. 7, 2025 — roughly two weeks after service, consistent with the plaintiff's pattern of rapid non-merits dispositions. No merits ruling issued.