Economics
Amazon, Ben & Jerry’s, Costco, Deccan: Intellectual Property
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Amazon.com Inc., the world’s largest online retailer, persuaded a federal court in San Francisco to dismiss a suit brought by a patent owner from Menlo Park, California.
OIP Technologies Inc. sued the Seattle-based retailer March 12, claiming its patent 7,970,713 was infringed. The patent, which was issued in June 2011, covers a method and apparatus for automatic pricing in electronic commerce. Although the application was filed in 2000, it took 11 years for the patent to be issued by the U.S. Patent and Trademark Office.