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Judge confirms jury award of $8.1 in Downtown patent lawsuit

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Wednesday, July 17, 2013, 6:42 p.m.
 

A federal judge on Wednesday confirmed a jury award of $8.1 million to Grant Street Group Inc., Downtown, in its patent lawsuit against Realauction.com LLC of Plantation, Fla.

A federal jury on June 17 found that the Florida company's RealTaxLien software sold between April 20, 2009, and March 9, 2010, violated one of Grant Street Group's patents but rejected two other patent violation claims.

Grant Street Group, formerly MuniAuction, is a pioneer of online municipal bond auctions. U.S. District Judge Mark Hornak noted in his ruling that both sides plan to file post-decision motions that could change the award.

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