Alice Corp. PTY. LTD. v. CLS Bank Int'l (573 U.S. 208)
U.S. Supreme Court · decided June 19, 2014 · Supreme Court Database (Spaeth)
- Citation
- 573 U.S. 208 · 134 S. Ct. 2347
- Docket
- No. 13-298
- Argued
- March 31, 2014
- Decided
- June 19, 2014
- Term
- October Term 2013
- Vote
- 9–0
- Majority author
- Justice Thomas
- Issue area
- Economic Activity
- Disposition
- Affirmed
- Outcome
- Petitioning party lost
- Ideological direction
- Liberal
How the Justices voted
- Majority
- Chief Justice Roberts, Justice Scalia, Justice Kennedy, Justice Thomas (wrote), Justice Ginsburg (joined a concurrence), Justice Breyer (joined a concurrence), Justice Alito, Justice Sotomayor (wrote a concurrence), Justice Kagan
Oral argument transcript and advocates · Opinion on Justia
Opinion excerpt
(Slip Opinion) OCTOBER TERM, 2013 1 Syllabus NOTE: Where it is feasible, a syllabus (headnote) will be released, as is being done in connection with this case, at the time the opinion is issued. The syllabus constitutes no part of the opinion of the Court but has been prepared by the Reporter of Decisions for the convenience of the reader. See United States v. Detroit Timber & Lumber Co., 200 U. S. 321 , 337. SUPREME COURT OF THE UNITED STATES Syllabus ALICE CORPORATION PTY. LTD. v. CLS BANK INTERNATIONAL ET AL. CERTIORARI TO THE UNITED STATES COURT OF APPEALS FOR THE FEDERAL CIRCUIT No. 13–298. Argued March 31, 2014—Decided June 19, 2014 Petitioner Alice Corporation is the assignee of several patents that dis- close a scheme for mitigating “settlement risk,” i.e., the risk that only one party to an agreed-upon financial exchange will satisfy its obliga- tion. In particular, the patent claims are designed to facilitate the exchange of financial obligations between two parties by using a computer system as a third-party intermediary. The patents in suit claim (1) a method for exchanging financial obligations, (2) a comput- er system configured to carry out the method for exchanging obliga- tions, and (3) a computer-readable medium containing program code for performing the method of exchanging obligations. Respondents (together, CLS Bank), who operate a global network that…
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