A claim brought against T.Rowe Price alleging patent infringement on several automated components of its managed accounts and target date funds has been voluntary dropped by the plaintiffs.
GRQ Investment Management, a Plano, Texas-based LLC formed “to monetize the inventions of the late Brian Tarbox and Mark Greenstein,” alleged T.Rowe Price infringed on two patents issued in 2009.
The threadbare 10-page complaint, originally filed in February 2015 in U.S. District Court for the Eastern District of Texas, offered little detail as to exactly how T.Rowe Price’s software was infringing on GRQ’s proprietary software.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
