Jun 20, 2014 15:19 Supreme Court tosses out software patent Supreme Court tosses out software patent Associated Press photo by J. SCOTT APPLEWHITE -- People wait outside the Supreme Court building in Washington in this AP file photo. by the associated press June 20, 2014 Comments WASHINGTON (AP) — The Supreme Court has tossed out an Australian company’s patents for business software in a closely watched case that offers new guidance on the standards for awarding patents. The justices on Thursday unanimously agreed with a lower court ruling that invalidated Alice Corp.’s patents for managing risk in financial trades. New York-based CLS Bank International had claimed the patent simply took an idea that has been around for thousands of years and programmed it to run through a computer. Dozens of technology firms including Google and Facebook filed briefs in the case urging the court to create clearer rules for software that can be patented.