Federal Circuit: Section 1031 Strategy Not Patent Worthy

Following its own precedent and the clarifying guidance set forth by the U.S. Supreme Court inĀ Bilski v. Kappos, 130 S.Ct. 3218 (2010), the Federal Circuit Court of Appeals affirmed the District Court’s determination which invalidated 41 patent claims by American Master Lease, LLC for investment strategies designed to reduce the incidence of tax using qualified like-kind exchanges under Section 1031 of the Internal Revenue Code.

Read the opinion here:
Fort Properties, Inc. v. American Master Lease, LLC, Docket No. 09-1242 (Fed. Cir. February 27, 2012)