Most business owners
sued by patent trolls don't talk about it to anyone other than their lawyer; a typical response is to cross one's fingers and hope the problem goes away.
Number of patent infringement suits filed
by patent trolls in 2015, nearly five times more suits than in 2010.
More recent research has estimated that
litigation by patent trolls costs the economy at least $ 29 billion per year, and that figure may be as high as $ 83 billion.
It does not include protection for end users, consumers and small businesses
attacked by patent trolls over widely available technologies.
Instead of investing in new jobs and services, businesses must fight frivolous claims and overly broad lawsuits made
by patent trolls against a range of technologies and commonplace ideas.
American businesses of all sizes and from all industry sectors are being held hostage by frivolous lawsuits and overly broad claims
made by patent trolls.
It was originally created to help banks fend off lawsuits
by patent trolls over financial services - related patents.
There are about 13,000 intellectual property cases a year filed in federal court (
many by patent trolls and pornography companies).
After today's hearing it's clear that there is an exceptionally high level of awareness among politicians for the problems
created by patent trolls.
Often, companies that get sued or
threatened by patent trolls will end up paying a licensing fee, even though they don't think the patents are legitimate.
A recent study showed that more than half of the firms
sued by patent trolls have less than $ 10 million in annual revenue — with startups being a common target.
In his closing remarks, Representative Issa — who owns 37 patents from his days as an entrepreneur — discussed the Innovation Act, a bill intended to cut down on lawsuits
brought by patent trolls.
«Small businesses are the economic engine of this country and the current system is allowing them to be targeted and
abused by patent trolls armed with poor quality patents and a flawed path toward review and resolution.
EFF won a court ruling today affirming that an infamous podcasting patent
used by a patent troll to threaten podcasters big and small was held invalid by the USPTO.
to an otherwise abstract concept is not enough to make it patentable — a sensible rule that would likely invalidate many thousands of the vague software patents so
beloved by patent trolls.
To illustrate how much troll litigation has surged, there were more cases
filed by patent trolls in one month in January 2015 than in the entire year of 2004.
The inquiry Ramirez intends to launch could uncover data and evidence to be used by Congress, federal courts, the Department of Justice and other agencies to combat the harm
caused by patent trolls.
This «reasonable certainty» test should invalidate many more patents — particularly many of the vague and overbroad patents
asserted by patent trolls.
By making important reforms to the nation's patent litigation system, the Innovation Act would address abusive
practices by patent trolls that bully American...
Realtors ® are targeted
by patent trolls at alarming rates for simply using common business technologies like dropdown menus and search functions on websites or scan - to - email technologies found in every office scanner.
Over the same period, Apple itself has been sued 135 times,
mostly by patent trolls interested in its deep pockets.
The number of firms sued
by patent trolls grew nine-fold over the last decade; now a majority of patent lawsuits are filed by trolls.
A researcher at MIT found, for example, that medical imaging businesses sued
by a patent troll reduced revenues and innovations relative to comparable companies that were not sued.
I always thought that a company like RIM, Google, or Apple must have a nightmare where one of their top engineers gets
hired by a patent troll that then shows exactly how they violate the trolls patent...
That problem is that while the costs of litigation are real — not just money but also defensive medicine, intimidation of
startups by patent trolls, intimidation of the media by billionaires — the exclusive focus on costs overlooks the crucial role of litigation in our democracy.
As a Canadian living in Canada, if I publish (as a sole proprietor) Android applications to the Google Play Store, which then are sold to customers in both Canada and the U.S., can I be sued
by a patent troll operating in the U.S. where I would be expected to travel to a U.S. court to defend myself?
Software patents create thickets of overlapping inventions, and are asserted in
droves by patent trolls against innovative companies.
However, if the Supreme Court allowed the Federal Circuit decision to stand, design patent
assertions by patent trolls (and also by operating companies who use them for purposes that have nothing to do with protecting and controlling their brand) would become a major problem.
The five - year ordeal illustrates once again the dilemma that companies like the New York Times face when
confronted by patent trolls: either pay for a dubious license (in this case for sending a text message), or pay even more to go through a legal meat - grinder.
«The members of the Coalition for Patent Fairness and the thousands of businesses — large and small — under attack
by patent trolls thank President Obama and his Administration for making patent reform a priority.
The McCurdy paper included in today's announcement also documents the drag on innovation and the economy
constituted by patent trolls and their abuse of the system.»
EFF is pleased to see the Indiegogo campaign page of Internet startup CentUp has returned after the page was briefly taken down in response to a
complaint by a patent troll.
We also admire the company's acknowledgement that licenses and pledges alone can't fix a patent system that's all too easily
exploited by patent trolls, nor can it stop the real root cause of the problems in the patent system, the flood of stupid patents.
«TROLLS» will tell the story of one tech start - up that's
ruined by a patent troll, but figures out a creative way to fight back!
You know, Apple gets sued all the
time by patent trolls: people who claim ownership of an idea but don't actually do anything to develop product that uses the idea.
Thus, if there were a scheme by which smaller companies could thwart these initial
advances by patent trolls, trolls may be less effective overall at extracting licensing fees.
As such, the modified act could open the door to greater
exploitation by patent trolls who have the resources to scavenge ideas and file them expediently.