Finjan posts first ever 1st-Qtr profit on licensing deals with Avast, Veracode and Sophos

Finjan Holdings Inc. (FNJN), the cybersecurity technology and licensing company run by CEO Phil Hartstein, posted its first ever net profit in the first quarter of 2017 driven by licensing agreements with Avast and Veracode and a settlement of its litigation with Sophos Inc. East Palo Alto, California-based Finjan said it reported first quarter profit [...]

By | May 11th, 2017|earnings, Patent Investing|0 Comments

Symantec alleges it was defrauded on patent deal with IP Nav, Spangenberg and Marathon in lawsuit

IP Navigation Group, its founder Erich Spangenberg, Clouding LLC and Marathon Patent Group Inc. (MARA) allegedly conspired to defraud cybersecurity company Symantec Corp. of its intellectual property rights, according to a lawsuit filed by Symantec in Superior Court in Los Angeles. The complaint filed March 2, alleges breach of contract, breach of implied covenant of [...]

By | May 11th, 2017|litigation, Patent Investing|0 Comments

InterDigital says amounts from Huawei license now expected in third quarter, not second quarter

InterDigital Inc. (IDCC), the mobile technology research and development and licensing company run by CEO Bill Merritt, said amounts related to the transfer of patents from a licensing agreement with Huawei won’t show up in revenue until the third quarter of 2017. The Wilmington, Delaware-based company didn’t explain why the amounts which had been expected [...]

Marathon may need white knight with deeper pockets to reel in fair market licensing deals

Marathon Patent Group Inc. (MARA), the patent monetization company run by CEO Doug Croxall, may have to find a buyer or go private if it wants to force recalcitrant infringers to meet its fair market licensing demands, patent market observers say. Los Angeles-based Marathon, which is expected to report a first quarter loss of 15 [...]

By | May 10th, 2017|earnings, Patent Investing, Uncategorized|0 Comments

RPX Corp.’s new Chief Strategy Officer sells 35,000 shares for about $473,000

Robert Heath, the chief strategy officer of RPX Corp. (RPXC), the patent aggregator and litigation loss control company run by CEO Martin Roberts, sold 35,000 shares of RPX on May 5 at an average price of $13.5264, raising about $473,427.50. In a Form 4 filing, Heath reported that he sold the shares in multiple transactions [...]

By | May 10th, 2017|exec changes, Patent Investing|0 Comments

Judge dismisses one of three claims in SourceProse’s breach of patent sale suit against RPX

A magistrate judge in the U.S. District Court in San Francisco threw out a breach of non-disclosure agreement claim and left intact two other claims in a lawsuit filed by SourceProse Corp., a developer of software used in geographical mapping of flood zones, against RPX Corp. (RPXC). SourceProse originally sued RPX in June 2016 alleging [...]

By | May 10th, 2017|litigation, Patent Investing|0 Comments

VirnetX Holding Corp. posts a narrower first quarter 2017 net loss on lower litigation costs

VirnetX Holding Corp. (VHC), the patent licensing company run by CEO Kendall Larsen, posted a narrower net loss in the first quarter of 2017 driven by lower litigation costs. The Zephyr Cove, Nevada-based company said it net loss in the first quarter was $3.89 million, or 7 cents a share, versus a loss of $8.6 [...]

By | May 10th, 2017|earnings, litigation, Patent Investing|0 Comments

(Update1) Ex-King & Spalding associate alleges partners made false statement in IP dispute between ZTE and Vringo

A former King & Spalding LLP associate who helped defend China's ZTE Corp. against a breach of contract dispute with the former Vringo Inc., is suing the New York-based law firm for wrongful termination, alleging he was fired for allegedly questioning false statements made by the partners handling the case in federal court. David Joffe’s complaint [...]

By | May 10th, 2017|litigation, Patent Investing|0 Comments

Acacia swings to first quarter 2017 loss as licensing revenue comes in lighter than expected

Acacia Research Corp. (ACTG), the patent licensing company run by Executive Chairman Louis Graziadio III, posted a wider net loss in first quarter 2017 driven by lower than expected licensing revenue. The Newport Beach, California-based company said its first quarter loss was $11.83 million,  or 24 cents a share, versus a loss of $9.97 million, [...]

By | May 4th, 2017|earnings, Patent Investing|0 Comments

(Update2) WiLAN acquires software firm VIZIYA for $29.51M, swings to loss in first quarter as licensing revenue plunges

Wi-LAN Inc. (WILN), the patent licensing company run by Executive Chairman Jim Skippen, said it is acquiring VIZIYA Corp. and its related entities, a Canadian software and services company, for $29.51 million (C$40.5 million), its second acquisition since embarking on a new strategy to become a diversified holding company to be called Quarterhill Inc. Separately, [...]

By | May 4th, 2017|earnings, Patent Investing|0 Comments