Supreme Court Won’t Review Federal Reserve Bank Patent Decision

The U.S. Supreme Court won’t review the Federal Circuit’s determination that Federal Reserve banks aren’t part of the government under the America Invents Act and can challenge patents at the Patent Trial and Appeal Board, it announced Monday.

The Federal Circuit decision provides more guidance for the PTAB in determining whether it can review patents challenged by a government-related entity.

The U.S. Court of Appeals for the Federal Circuit upheld a PTAB decision in April that invalidated fraud-detection patents owned by Bozeman Financial LLC at the request of all 12 regional banks. Bozeman argued the banks don’t meet the AIA ...