A Virginia firm is accusing Durham LED maker Cree of infringing on four patents, and is asking for “a reasonable royalty” to be awarded in court. But this time it’s not a competitor filing suit in federal court, it’s Bluestone Innovations LLC, a patent licensing and enforcement company often categorized as a “patent troll.”
Our nation’s patent system has been in need of serious reform for many years. So-called “patent trolls” — entities that don’t actually make or sell anything but that instead buy patent licenses merely to extort settlements — have become a serious drain on our economy. According to one study, patent trolls and their frivolous lawsuits cost our country nearly $80 billion per year.
IPR Successes: Realtors Association Defends Its Members Using IPR
When you buy a house, it’s nice to know where the local schools are, where the closest park is, where a nearby grocery is. So realtors commonly embed tools on their websites to show you a map of these “points of interest” in the area around a house for sale. Unsurprisingly, using technology leads to non-practicing entities suing the realtors. In this case, a pair of Texas-based realtors.
Patent Trolls Are Trolling Startups In Massachusetts — And We Need To Change That
Sen. Eric P. Lesser
In a recent episode of the HBO series “Silicon Valley,” Richard Hendricks is getting his tech startup off the ground when he comes face to face with a patent troll: an unscrupulous lawyer who claims Richard’s new company is committing copyright infringement. The lawyer knows his claim is bogus, but also knows Richard would have […]
HBO's 'Silicon Valley' Dedicates Episode To Patent Trolls
HBO’s geek culture sitcom “Silicon Valley” offered America a new kind of villain in Sunday night’s episode, but intellectual property attorneys already know them well: nonpracticing entities, or what some call patent trolls. In what may be the first pop culture reference to the phenomenon, the show’s episode titled “The Patent Troll” spares them no […]
Congress: Protect Businesses Like Ours from Abusive Patent Trolls
Austin Meyer, Michael Skelps and Eric Rosebrock
No industry is immune from the reach of patent trolls, and hotels, real estate offices, coffee shops, tech startups, employment agencies, and many more have found themselves on the receiving end of a demand letter from a patent troll.
Creator and Founder of X-Plane, a flight simulator program based in South Carolina
When I got my lawsuit, and I found out it would cost $3 million to defend myself, obviously that put me in a bit of a panic. My business grosses about $3 million a year, so I would have to spend an entire year’s income to defend myself from this suit.
President & CEO of Kinze Manufacturing, a manufacturer in Iowa
My small welding shop grew to become one of the largest agricultural equipment companies in America and employ nearly 1,000 people, but we were sued by a patent troll that owned a broadly-named patent.