On June 28, 2010 the U.S. Supreme Court issued its much anticipated opinion in Bilski v Kappos. The Court upheld the Federal Circuit’s determination that Bilski’s processes for hedging risk and applying a hedging concept to energy markets were not patent-eligible subject matter. All nine Justices agreed that Bilski’s processes were unpatentable abstract ideas.

View full memo, "U.S. Supreme Court Declines to Strike Down Business Method Patents and Holds that the “Machine-or-Transformation” Test is not the Sole Test for Determining Patentability of a Process"