European Central Bank sued over Euro note security

A company that specialises in anti-counterfeiting technology claims Europe’s common currency infringes on a patent obtained from a New York inventor’s family.

Document Security Systems said in a lawsuit filed yesterday in Luxembourg that all 30 billion euro bank notes in circulation infringed on a patent it acquired this year that was issued by the European Patent Office in 1999. It is seeking unspecified royalties from the European Central Bank in Frankfurt, Germany.