FreeMarkets Cries Foul Over Patents
FreeMarkets filed patent infringement lawsuits against B2eMarkets, Procuri Inc. and Purchase Pro.com Inc.Online auctioneer and e-sourcing software maker FreeMarkets Inc. said in court documents earlier this week that its competitors are stealing its ideas. FreeMarkets filed patent infringement lawsuits against B2eMarkets, Procuri Inc. and Purchase Pro.com Inc. The suits, which were filed in U.S. District Court in Delaware, allege that B2eMarkets, Procuri and Purchase Pro are infringing on FreeMarkets patents by including in their product offerings certain functionalities that are patented by FreeMarkets. According to the U.S. Patent and Trademark Office, FreeMarkets has four patents on record. Those include two patents detailing methods and systems for controlling electronic auction during the transition to a closed state and controlling closing times of electronic auctions involving multiple lots.
A third patent is for the method and system for handling disruptions in the management of electronic auctions. The final patent is for controlling the initiation and duration of overtime intervals in electronic auctions.