FMR LLC

FMR LLC — commonly known as Fidelity Investments — is a privately held U.S. financial services firm headquartered in Boston, Massachusetts (245 Summer Street). It was founded in 1946 by Edward C. Johnson II as Fidelity Management & Research. FMR LLC is privately held, with the Johnson family and affiliates holding roughly a 40% interest and current/former executives owning the remainder; Abigail Johnson is chairman and CEO. It is one of the largest asset managers in the United States, with trillions of dollars under management; it is not publicly traded, so no ticker or market cap applies.

Operations. Fidelity provides investment management and financial services through several lines: mutual funds and ETFs; retail brokerage and trading (including its Fidelity mobile/online platforms); retirement plans and workplace savings administration; wealth management and advisory services; institutional asset management (via FIAM LLC); custody/clearing; and related fintech and data services. The firm employs tens of thousands of people and operates multiple U.S. and international offices. Its technology operations — electronic trading, brokerage, and platform services — are the apparent focus of the patent suit below.

Litigation posture. In the tracked data, FMR LLC appears as a defendant in a single case and as plaintiff in none, which is consistent with an operating company being targeted rather than a patent asserter. The case is in the Eastern District of Texas (Judge Rodney Gilstrap), a venue historically favored by patent plaintiffs.

Notable case. Cedar Lane Technologies Inc. v. FMR LLC, No. 2:25-cv-00232 (E.D. Tex., filed Feb. 24, 2025). Cedar Lane — publicly described as a patent-assertion entity — alleges that FMR's financial trading products and services infringe U.S. Patent No. 8,577,782, "Trading with conditional offers for semi-anonymous participants." The same patent has been asserted against other broker-dealers (e.g., First Manhattan Securities, Firstrade Securities, Raymond James). The case was consolidated for pretrial purposes with related actions. Nothing here reflects a merits determination; Fidelity's role is as a defendant responding to a third-party infringement claim.