Tax Notes: Hedging Strategy for Energy Traders Held Not Patent-Eligible

A patent application for hedging commodities contracts was rejected by the Supreme Court today on the grounds that the strategy involved abstract ideas.  The Court did not further define what constituted a patentable process but the ramifications of the decision could logically be extended to tax strategy patents.  The strategy had to do with a method of hedging against price fluctuations for traders of energy futures. For a full discussion click here.

Posted by Chait Kamireddy, Associate Editor, Wealth Strategies Journal.