(Update1) Acacia dealt setback by district court in third and fourth waves of Adaptix litigation

Acacia Research Group Inc.’s (ACTG) Adaptix subsidiary was handed a major setback yesterday when a U.S. District Court in San Jose, Calif., dismissed the newest infringement claims against Apple Inc., Sony Mobile Communications (USA) Inc., Amazon Inc., HTC Corp., Verizon Wireless and AT&T Inc. “Defendants say these .... cases are duplicative of others against them [...]

By | August 25th, 2015|Patent Investing|Comments Off on (Update1) Acacia dealt setback by district court in third and fourth waves of Adaptix litigation

ZTE asks court for permission to question Vringo witnesses on financial harm done from alleged breach of NDA

ZTE Corp. the Chinese telecommunications company facing sanctions for discovery delay tactics in its breach of a non-disclosure agreement dispute with Vringo Inc. (VRNG), is asking the court to allow it to question Vringo employees about the privileged information in the NDA to test the harm done to Vringo. In a memorandum of law filed [...]

By | August 25th, 2015|Patent Investing|Comments Off on ZTE asks court for permission to question Vringo witnesses on financial harm done from alleged breach of NDA

(Update1) PTAB rejects IPRs filed by Bass and Spangenberg against Acorda Therapeutics

The Patent Trial and Appeals Board rejected the Coalition for Affordable Drug’s request to institute two inter partes reviews of patents held by Acorda Therapeutics (ACOR) in the first rejection of hedge fund manager Hayman Capital’s J. Kyle Bass’ and IP Navigation Group founder Erich Spangenberg’s strategy of profiting from the invalidation of drug patents [...]

By | August 24th, 2015|Patent Investing|Comments Off on (Update1) PTAB rejects IPRs filed by Bass and Spangenberg against Acorda Therapeutics

Vringo won’t oppose ZTE counsels’ withdrawal as long as they’re still subject to ‘potential ancillary matters’

Vringo Inc. (VRNG), the patent licensing company locked in a multi-jurisdictional war with ZTE Corp., said won’t oppose motions by attorneys from King & Spalding LLP attorneys and Pillsbury Winthrop Shaw Pittman LLP to withdraw as counsel to ZTE. The King & Spalding attorneys asked for permission to withdraw on Aug. 7 after Judge Lewis [...]

By | August 24th, 2015|Patent Investing|Comments Off on Vringo won’t oppose ZTE counsels’ withdrawal as long as they’re still subject to ‘potential ancillary matters’

(Update5) Shares of Spherix soar 77% after settlement with Huawei is announced, terms undisclosed

Spherix Incorporated (SPEX), the patent monetization company run by Anthony Hayes, said it signed a memorandum of understanding with Huawei Device USA Inc., Huawei Technologies USA Inc., Huawei Technologies Cooperatif U.A. and Futurewei Technologies, Inc., which effectively ends their infringement dispute. Terms of the settlement were not disclosed, though a person familiar with the settlement [...]

By | August 24th, 2015|Patent Investing|Comments Off on (Update5) Shares of Spherix soar 77% after settlement with Huawei is announced, terms undisclosed

Vringo is asking shareholders to approve reverse split, increase in shares outstanding

Vringo Inc. (VRNG), the patent licensing company locked in a multi-jurisdictional war with ZTE Corp., said it is asking shareholders to consider several proposals at its annual meeting in November including a reverse stock split, the re-election of directors and the increase in the number of shares outstanding. New York-based Vringo made the announcement in [...]

By | August 24th, 2015|Patent Investing|Comments Off on Vringo is asking shareholders to approve reverse split, increase in shares outstanding

VirnetX shares plunge 20% after it announces $35M ATM offering facility with Cowen

VirnetX Holding Corporation (VHC), the Internet security software and technology licensing company run by CEO Kendall Larsen, said it entered into an at-the-market equity offering facility with Cowen & Co. LLC to sell up to $35 million of common stock. The Zephyr Cove, Nevada-based company said the stock may be sold from time to time [...]

By | August 21st, 2015|Patent Investing|Comments Off on VirnetX shares plunge 20% after it announces $35M ATM offering facility with Cowen

(Update1) RPX slid 9% after Barclays downgraded stock to underweight from equal weight

RPX Corp. (RPXC), the patent aggregator and risk manager run by CEO John Amster, slid 9.14% Thursday after Barclays Capital analysts downgraded the company’s stock to underweight from equal weight, though he maintained a $15 price target. Shares of San Francisco-based RPX fell $1.38 to $13.72 in trying Thursday. They have traded between $11.94 and [...]

By | August 21st, 2015|Patent Investing|Comments Off on (Update1) RPX slid 9% after Barclays downgraded stock to underweight from equal weight

Blue Calypso shares fell 7.8% Thursday as it worked on capital raise and uplisting to national exchange

Shares of Blue Calypso Inc. (BCYP), the patent licensing company run by CEO Andrew Levi, fell 7.8% as investors reacted to its efforts to raise up to $10 million in capital and complete an up-listing uplifting to a national exchange. Dallas-based Blue Calypso’s shares fell 43 cents to $5.07 after touching an intraday low of [...]

By | August 21st, 2015|Patent Investing|Comments Off on Blue Calypso shares fell 7.8% Thursday as it worked on capital raise and uplisting to national exchange

USPTO’s proposed rules for AIA reviews welcomed, though process still seen favoring petitioners

The U.S. Patent and Trademark Office on Wednesday issued new proposed rules for American Invents Act reviews, which patent market observers said will make it clearer to patent owners and petitioners how to navigate inter partes reviews and covered business method reviews. The USPTO is proposing to allow patent owners to include, with their opposition [...]

By | August 20th, 2015|Patent Investing|Comments Off on USPTO’s proposed rules for AIA reviews welcomed, though process still seen favoring petitioners