NPE Imperium awarded $20.9M in enhanced damages against Samsung for willful infringement

A judge in the U.S. District Court in the Eastern District of Texas ordered Samsung Electronic Co. Ltd. and affiliates to pay $20.9 million in damages to Imperium IP Holdings (Cayman) Ltd., a non practicing entity, after approving a near tripling the original $6.97 million jury award because of a finding of willful infringement. The ruling by Judge Amos Mazzant III cited the U.S. Supreme Court’s ruling in Halo Electronics, Inc. v. Pulse Electronics Inc, giving district court judges discretion to award enhance damages for the most egregious misconduct. “This ruling may sensitize large companies to issues around willfulness in … Continue reading

 

Erich Spangenberg leads Marathon Patent Group’s ‘transformational’ focus on China

Erich Spangenberg, the founder and owner of IP Navigation Group, who owns a 16.3% stake in Marathon Patent Group Inc. (MARA), is betting that with no end in sight to the three-year depression in the U.S. patent market, the best returns for Marathon’s patent enforcement business in the future will be found in China. Spangenberg has always had a huge influence on Marathon’s direction because of his friendship with CEO Doug Croxall and his willingness to sell some prime patent portfolios to Marathon for stock and cash. Indeed, Marathon paid $10 million for MedTech Development Deutschland and OrthoPhoenix. About 45% … Continue reading

 

Fortress provides flexibility to Inventergy in return for 7-year warrant to purchase a million shares

Private equity giant Fortress Investment Group agreed to amend for a fourth time its $11 million debt and revenue share agreement with Inventergy Global Inc. (INVT), giving the struggling patent licensing company more time to execute on its strategy of enforcing patents and signing commercialization agreements with startups. Campbell, California-based said on Thursday, Aug. 25 that the amended agreement defers the beginning of its monthly note principal amortization repayment until September 30. Secondly, it suspends the company’s obligation to maintain a $1 million minimum cash balance until September 30. Thirdly, it allows Inventergy to use up to $250,000 of revenue … Continue reading