The CyberSettle Patent Dispute
Why is this man smiling?
Because he's CyberSettle's mascot. What's CyberSettle? A patented "online, double-blind bid system . . . followed by . . . telephone facilitation . . . allow[ing[ parties to resolve [disputes] quickly and confidentially."
At least that's what CyberSettle's year old press release -- Cybersettle Wins Major Patent Infringement Suit -- says.
I'd never heard of either CyberSettle or of any other online settlement "system" until I stumbled upon the smiling man and read the press release (extremely reduced) below::
Cybersettle [which] was awarded United States Patent No. 6,330,551 for the Computerized Dispute Resolution System and Method . . . [brought suit against the] National Arbitration Forum (NAF) [for infringement, after which] the New Jersey Federal District Court ruled that two versions of NAF’s online dispute resolution system in New Jersey were in direct violation of Cybersettle’s patent . . . that covers, among other things, an automated, online, double blind, dispute resolution system capable of multiple rounds of bidding.
If any of our readers have ever used CyberSettle's system (or the NAF infringing system) we'd love to hear about your experience.
