David Tyler of The Rochester Democrat and Chronicle reported today, December 29, 2006:
When Rochester's Document Security Systems Inc. filed a lawsuit against the European Central Bank for alleged patent infringement, observers could be forgiven if it seemed that the small company was tilting at windmills.
But the lawsuit is turning out to be anything but quixotic, and instead of waiting around for a resolution, the company is moving ahead with a series of projects that have its bottom line growing.
DSS makes patented technology that prevents counterfeiting. The techniques include special inks that create interference patterns when printed or copied to help detect fraudulent documents, anti-counterfeiting measures called pantographs, and thermal inks that disappear when rubbed a certain way.
In August 2005, DSS alleged that the euro currency had anti-counterfeiting measures that violated a European patent held by the company. The central bank countersued, saying DSS' European patent is invalid and was mistakenly issued. The bank asked that the lawsuit be heard not by a European Union claims court in Luxembourg, but separately in each country that uses the euro. The bank has filed lawsuits in those nine countries
In January, DSS Chief Executive Patrick White and President Peter Ettinger, who joined the company in June, will be in London for a week of hearings on the countersuit.
Read the full article here.