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GAIN Capital seeks clarity in OANDA patent infringement lawsuit

GAIN Capital is dismayed by OANDA’s unwillingness to explain whether it will be filing an amended pleading.

OANDA has failed to identify how GAIN’s product allegedly infringes each claim of the patents in this lawsuit.

StoneX, the parent of Forex.com and City Index, would like the discovery to be stayed, whereas OANDA disagrees.

The Court has agreed with StoneX to grant it extra 30 days to respond to OANDA’s patent infringement allegations.

Because StoneX was unaware of the patents before OANDA filed its lawsuit, StoneX will need more time to investigate them.

GAIN notes the many years of delay by OANDA before filing the action after issuance of the asserted patents in 2006 and 2013.