Google’s Nest Deal Vindicates Patent King Nathan Myhrvold


Google’s decision this week to buy high-tech thermostat maker Nest for $3.2 billion is creating more than just the usual  winners whenever a start-up cashes out for a big amount. Among the not-so-...
    






The Coming Patentocalpyse


At 7:30 pm on December last year, when New York City was getting ready to celebrate the end of 2013, Anthony Hayes was driving to the offices of Sichenzia Ross Friedman Ference LLP, a securities law...
    






A Danger Lurks In The Righteous War Against Patent Trolls


Judging from events that have already occurred, and others that soon will occur, righteous forces are gathered against patent trolls as never before. It is an impassioned pursuit of a coherent legal...
    






Patent challengers must prove they have a ‘significant presence’ in the US: ITC

Patent trolls must prove they have a 'significant presence' in the US

The International Trade Commission has become increasingly tired of all the patent mischief it's forced to deal with, just as we've become tired of reporting on it. That's why its latest defense against time-wasters could potentially be a very good idea. According to Reuters, the ITC will soon demand upfront proof that the complainant in a patent case has a "significant presence in the United States" and isn't merely a fly-by-night outfit created for the purpose of pursuing litigation. The new rule has already been trialed in a pilot program, and Google, Intel, HP and others have voiced their support. It can't fix everything, of course, since major companies will still be able to game the system to hamper their rivals, but with the FTC and the White House also taking steps to subject "patent-assertion entities" to greater scrutiny, it feels like the wheels of government may be starting to catch up with the trolls.

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Source: Reuters

FTC planning to take on patent trolls, hopes to reduce frivolous lawsuits

FTC planning to take on patent trolls, hopes to reduce frivolous lawsuits

Sick of endless patent wars yet? According to the New York Times, so is the Federal Trade Commission. Referencing the usual persons briefed on the matter, the NYT reports that FTC chairwoman Edith Ramirez is preparing to propose an inquiry that will put patent-assertion entities -- companies that exist solely to buy and collect royalties on patents -- under federal scrutiny. If approved, patent trolls that catch the FTC's attention will need to detail how they operate and if their legal proceeds pay out to the original patent owner. The chairwoman is expected to explain the proposal in more detail at a patent law workshop later this week. According to the NYT, Ramirez doesn't have any specific company in mind, but aims to investigate companies that might hamper innovation. With any luck, the inquiry will help curb spurious litigation and rampant patent trolling -- something most of us can probably get behind.

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Source: New York Times