Patents by Inventor William R. Gruber, Jr.

William R. Gruber, Jr. has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • METHOD AND SYSTEM FOR AUCTIONING ASSETS AND VALUING SAME
    Publication number: 20100198720
    Abstract: A method and system for conducting, managing and executing over a communication network, an auction of claims or assets to buyers having expressed interest in purchasing claims or assets is presented. The method includes placing an indication of the availability of at least one of said assets at a remote site, wherein said indication is accessible by each of said buyers over said network, notifying at least one buyer predeterminedly expressing interest in items contained within said claims or assets of the availability of said at least one claim or asset, determining a market value of said at least one claim or asset based on historical data of same or similar claims or assets, dynamically adjusting the market value, conducting an interactive bidding process, notifying one of the bidding buyers of acceptance of a corresponding bid when said bid satisfies predetermined criteria, and recording the accepted bid.
    Type: Application
    Filed: April 19, 2010
    Publication date: August 5, 2010
    Applicant: HARTFORD FIRE INSURANCE COMPANY
    Inventors: Lorenzo Mendizabal, William R. Gruber, JR., Francine Gordon, David Marchick, Ricardo Perez, Donald Pierce
  • Method and system for auctioning assets and valuing same
    Patent number: 7729950
    Abstract: A method and system for conducting, managing and executing over a communication network, an auction of claims or assets to buyers having expressed interest in purchasing claims or assets is presented. The method includes placing an indication of the availability of at least one of said assets at a remote site, wherein said indication is accessible by each of said buyers over said network, notifying at least one buyer predeterminedly expressing interest in items contained within said claims or assets of the availability of said at least one claim or asset, determining a market value of said at least one claim or asset based on historical data of same or similar claims or assets, dynamically adjusting the market value, conducting an interactive bidding process, notifying one of the bidding buyers of acceptance of a corresponding bid when said bid satisfies predetermined criteria, and recording the accepted bid.
    Type: Grant
    Filed: June 11, 2007
    Date of Patent: June 1, 2010
    Assignee: Hartford Fire Insurance Company
    Inventors: Lorenzo Mendizabal, William R. Gruber, Jr., Francine Gordon, David Marchick, Ricardo Perez, Donald Pierce
  • Method and system for auctioning bankruptcy assets and valuing same
    Patent number: 7249089
    Abstract: A method and system for conducting, managing and executing over a communication network, an auction of at least one claim or asset in bankruptcy to a plurality of buyers having expressed interest purchasing bankruptcy claims or assets is presented.
    Type: Grant
    Filed: December 27, 2001
    Date of Patent: July 24, 2007
    Assignee: Hartford Fire Insurance Company
    Inventors: Lorenzo Mendizabal, William R. Gruber, Jr., Francine Gordon, David Marchick, Ricardo Perez, Donald Pierce