Legal News

‘Patent Trolls’ Losing Their Fight with Big Tech Companies
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Tech-Patent-Trademark-Shinkle_605

Summary: Big tech companies and ‘patent trolls’ are continuing their legal battles in and out of court these days, but big tech companies are starting to win.

Companies have been purchasing software for two decades now solely to sue technology companies, according to Reuters.

  
What
Where


These companies have been labeled patent trolls and they have gone after Apple’s iPhone features and Google’s online ads, winning millions of dollars.

The trolls are beginning to retreat from their battle now as U.S. law has made it easier to challenge patents for software programs. The number of lawsuits has dropped because the prices of patents are dropping.

“Their entire business model relies on intimidation, and that has lost its edge,” said Efrat Kasznik, president of Foresight Valuation Group. “If the patents are not enforceable in court anymore… the troll has no legs to stand on.”

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Robert Aronoff, the founder of Pluritas, said, “In some cases, there are just no current buyers for these patents at all.”

In these legal fights, big tech companies claim that patent acquisition companies they call trolls make no products, but are in business to buy patents and litigate to enforce those patents.



The trolls disagree with this sentiment. They claim they purchase patents from investors and from other companies to create a marketplace that checks on other big tech companies.

An overhaul of the patent system by Congress struck the first major blow to these trolls. The U.S. Patent and Trademark Office began taking requests in 2012 to invalidate patents used in litigation when they have been accused of infringement.

This type of review is faster and cheaper than sending the case to court. The system seems to be working, with challenged patents’ claims being reviewed at a rate of 80 to 90 percent.

Last month, brand new federal patent lawsuits had dropped by 40 percent to 329 new cases, according to Lex Machina .

Lex Machina also reports that defendants are fighting for longer periods now. In 2004, the average time it took for a case that failed to settle was 467 days. In 2013, that number ballooned to 673 days.

Will ‘patent trolls’ finally be defeated by big tech? Share your thoughts in our poll below.

Will 'Patent Trolls' Lose Their Battle with Big Tech?

View Results

Loading ... Loading ...

Image credit: Patent Office



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Patent Agent with 1 year of chemistry experience

USA-CA-Palo Alto

Palo Alto office of our client seeks entry-level patent agent with 1 year of experience. The candida...

Apply Now

RELEVANT JOBS

Employment Law Associate

USA-NY-New York City

Fitapelli & Schaffer, a nationally recognized employment law and class action firm is seeking an ass...

Apply now

Legal Secretary / Assistant

USA-CA-Bakersfield

Small boutique litigation firm seeks a legal assistant with a minimum of two (2) years legal secreta...

Apply now

Associate Attorney

USA-CA-Los Angeles

Boutique law firm in Downtown Los Angeles looking to hire a family law attorney with substantial fam...

Apply now

Law Office Administrator / Manager

USA-CA-Beverly Hills

Responsible for handling, managing and overseeing all front and back office duties.  This ...

Apply now

SEARCH IN ARCHIVE

To Top