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State Street Bank and Trust Company v. Signature Financial Group, Inc., 149 F.3d 1368 (Fed. Cir. 1998), also referred to as State Street or State Street Bank, was a 1998 decision of the United States Court of Appeals for the Federal Circuit concerning the patentability of business methods.
State Street Bank & Trust Co. v. Signature Financial Group, Inc. is a case in which the United States Court of Appeals for the Federal Circuit ruled on July 23, 1998, that a computer algorithm can be patented to the extent that it produces "a useful, concrete and tangible result".
State Street Bank & Trust Co. v. Signature Financial Group, Inc. From a page move : This is a redirect from a page that has been moved (renamed). This page was kept as a redirect to avoid breaking links, both internal and external, that may have been made to the old page name.
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State Street Corporation, a financial services holding company; the parent primarily focuses on servicing institutional investment clients State Street Bank and Trust Company, a subsidiary; State Street Global Advisors, the investment management division of State Street Corporation
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The case is Schaeffer v Signature Bank et al, U.S. District Court, Eastern District of New York, No. 23-01921. (Reporting by Jonathan Stempel in New York; Editing by Nick Zieminski) Show comments
The subsequent allowance of patents on computer-implemented methods for doing business was challenged in the 1998 State Street Bank v. Signature Financial Group, (47 USPQ 2d 1596 (CAFC 1998)). The court affirmed the position of the USPTO and rejected the theory that a "method of doing business" was excluded subject matter.