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.”
In the five years since it began its work — a result of the America Invents Act of 2011 — the Patent Trial and Appeal Board has saved companies more than $2 billion in legal fees alone, according to Joshua Landau, patent counsel at the Computer and Communications Industry Association, offering an expeditious and relatively cheap avenue to challenge patents of doubtful validity.
The benefits of stopping bad patents from snaking their way through the economy have been even greater.
The Electronic Frontier Foundation (EFF) won a court ruling today affirming that an infamous podcasting patent used by a patent troll to threaten podcasters big and small was properly held invalid by the U.S. Patent and Trademark Office (USPTO).
A unanimous decision by a three-judge panel of the U.S. Court of Appeals for the Federal Circuit will, for now, keep podcasting safe from this patent.
As Seen in HuffPost
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 to pay him in a legal settlement to avoid battling it out in court.