Tuesday, March 29, 2011

Online Trading Platform Accessible to Customers "Throughout the United States, Including Texas" Does Not Justify Retention of Venue in Texas

Defendant's alternative motion to transfer venue was granted. "[T]he only allegedly local interest in the present case is that [defendant's] online trading platform . . . is accessible to customers worldwide, including customers in the Eastern District of Texas. . . . In contrast, the Northern District of Illinois has a particularized interest in the resolution of this case. [Defendant] is a resident of Illinois and is headquartered in Chicago. Additionally, the alleged acts of infringement involve the access to NADEX through [its] Pure Deal trading system that is administered from Chicago Illinois. . . . Considering all of the private and public interest factors, the defendants have met their burden of showing that the Northern District of Illinois is 'clearly more convenient' than the Eastern District of Texas."

Regent Markets Group, Ltd. v. IG Markets, Inc., 2-10-cv-00042 (TXED March 25, 2011, Order) (Ward, J.)

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