Did A Banking Lobbyist Just Admit To Buying Its Own Section Of Patent Reform?

The Financial Services Roundtable represents the primary beneficiaries of a particular section to the currently pending America Invents Act, tucked neatly into Section 18 of the pending bill, that provides a specialized procedure to attack patents related to “data processing operations utilized in the practice, administration, or management of a financial product or service.”  (For background on this provision, see my earlier post Banks Buy Another Patent Reform Amendment.)

As if this blatant pandering to a politically coveted special interest group weren’t obvious enough, the Financial Services Roundtable has now taken a swipe at Foley & Lardner attorney Hal Wegner, claiming that he and the firm have betrayed their clients because of an e-mail from Wegner containing statements criticizing Section 18.