{"id":4987,"date":"2014-11-26T07:00:58","date_gmt":"2014-11-26T15:00:58","guid":{"rendered":"http:\/\/formtek.com\/blog\/?p=4987"},"modified":"2014-10-24T17:01:27","modified_gmt":"2014-10-25T01:01:27","slug":"patent-trolls-change-in-law-combats-against-patent-intimidation","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/patent-trolls-change-in-law-combats-against-patent-intimidation\/","title":{"rendered":"Patent Trolls: Change in Law Combats Against Patent Intimidation"},"content":{"rendered":"

The 26-member panel of federal judges recently ruled that a civil procedure law known as Rule 84 be eliminated<\/a>. \u00a0The law originally was intended to help small patent holders more easily bring lawsuits against patent infringements, but which became a common tool of patent trolls, allowing them to file large numbers of lawsuits and extort large amounts of money.<\/p>\n

A ‘patent troll’ is a company that buys and collects large numbers of patents for the purpose filing lawsuits. \u00a0These businesses often make no products themselves and simply existing to buy and enforce patents.<\/p>\n

A study of ‘patent trolling’<\/a> in 2011 found that tech companies paid more than $29 billion for both damages and legal defense fees against patent lawsuits. \u00a0Large companies paid out on average upwards of $7 million per lawsuit.<\/p>\n

Efrat Kasznik<\/a>, president of Foresight Valuation Group,\u00a0commented on the ruling, saying that<\/a>\u00a0“their entire business model [of patent trolling] relies on intimidation, and that has lost its edge [with the rescinding of Rule 84]. \u00a0If the patents are not enforceable in court anymore\u2026 the troll has no legs to stand on.”<\/p>\n

While there is likely little sympathy for them, this news doesn’t bode well for patent trolls. \u00a0Robert Aronoff<\/a>, the founder of Pluritas, said that<\/a> “in some cases, there are just no current buyers for these patents at all.”<\/p>\n

 <\/p>\n

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The 26-member panel of federal judges recently ruled that a civil procedure law known as Rule 84 be eliminated. \u00a0The law originally was intended to help small patent holders more easily bring lawsuits against patent infringements, but which became a…<\/span><\/p>\n

Read more ›<\/a><\/div>\n

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