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Double Rock Corporation
Double Rock Issued Another Patent on Innovative Insured Sweep Technology
May 9th, 2009
Double Rock Corporation (“Double Rock”) is pleased to announce that yesterday the U.S. Patent and Trademark Office issued to its wholly owned subsidiary, Island Intellectual Property LLC (“Island IP”), U.S. Patent No. 7,519,551, entitled “Systems and Methods for Administering Return Sweep Accounts” (the “’551 Patent”). The ’551 Patent is related to the Insured Deposits Program sweep technology that Double Rock pioneered in 1997. Double Rock, and its wholly owned subsidiaries Island Intellectual Property LLC, LIDs Capital LLC, and Intrasweep LLC filed a federal lawsuit yesterday in the U.S. District Court for the Southern District of New York, seeking to enforce the ’551...
Source: Law & Health Weekly (2009-05-09)
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