January 22, 1999

U.S. Supreme Court Agrees to Hear Patent Dispute Over Prepaid-Tuition Plans

By SARA HEBEL

The Supreme Court agreed this month to hear a pair of related cases in which a New Jersey bank has claimed that the State of Florida violated the bank's patented rights to a method of investing parents' funds to pay for college.

Florida has countered that the cases brought by the College Savings Bank should have been dismissed under the 11th Amendment to the U.S. Constitution, which gives states immunity from

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