The lawsuit was resolved today with the entry of a Consent Judgment finding infringement and that the patents are valid. Under the settlement agreement, FFastFill admitted that the Crossfire product formerly offered by Future Dynamics infringed on TTâs patents and agreed that the patents are valid. FFastFill has agreed to not infringe TTâs MD Trader patents in the future. TT has agreed not to sue FFastFill and FFastFillâs customers for infringement of the MD Trader patents based on FFastFillâs new QuickTrade product. As part of the settlement, TT has absolved FFastFill and FFastFillâs customers of any past liability for infringement of TTâs MD Trader patents.
"We are happy to resolve this matter and put any patent issues we have with TT behind us. FFastFill respects TTâs static order entry ladder patents and has no intention of violating TTâs patents. Going forward, FFastFillâs customers can use our new QuickTrade product without any concerns regarding TTâs static order entry ladder patents," said Keith Todd, Executive Chairman and CEO of FFastFill.
"Our settlement with FFastFill is further evidence of the strength of our MD Trader patents," said Harris Brumfield, CEO of TT.