Alston & Bird represented Entaire Global Companies before the U.S. Patent and Trademark Office in the company's successful bid to secure three new patents related to its core financial offering, Leveraged Planning.
The patents describe, among other areas, the systems surrounding the use of commercial loans to purchase life insurance and annuity products, as well as the computer systems necessary to manage a portfolio of loans and the compensation owed to involved parties.
In a company press release, Timothy Veith, general counsel at Entaire, said, "Alston & Bird did an excellent job prosecuting these patents to a successful conclusion, and we are sure will continue to do an excellent job going forward in protecting these valuable new assets."
Jeff Young, the senior patent prosecution attorney in Alston & Bird’s Atlanta office, commented, "We are pleased to see this recognition of significant financial innovations by Jonathan Rosen and the Entaire team, and note the Supreme Court recently confirmed that business related inventions like these are worthy of patent protection in Bilski v. Kappos."