President Trump nominates Irell & Manella’s Andrei Iancu as Director of the USPTO

President Donald Trump as expected said he intends to nominate Andrei Iancu, the managing partner with the law firm of Irell & Manella LP, to be Under Secretary of Commerce for Intellectual Property and Director of the U.S. Patent and Trademark Office, Department of Commerce. Iancu has advised plaintiffs and defendants across a wide variety [...]

By | August 31st, 2017|exec changes, Patent Investing, USPTO|0 Comments

(Update2) Finjan acquires security-related patents from IBM for $8.5M, forms Finjan Blue unit to develop the assets

Finjan Holdings Inc. (FNJN), the cybersecurity technology and licensing company run by CEO Phil Hartstein, said it has formed a new subsidiary, Finjan Blue Inc., which has agreed to pay IBM Corp. (IBM) $8.5 million for select security-related patents. East Palo Alto, California-based Finjan said the patent acquisition and development agreement with IBM and includes [...]

By | August 31st, 2017|Patent Investing|0 Comments

Marathon to part ways with CEO Doug Croxall, faces fraud suit from financier Jeff Feinberg

Marathon Patent Group Inc. (MARA), the patent licensing company that turned over three patent portfolios to a unit of Fortress Investment Group to repay $16 million in debt, is facing new challenges as it parts ways with Chairman and CEO Doug Croxall and also defends against a securities fraud lawsuit filed in Los Angeles Superior [...]

By | August 31st, 2017|Financing, litigation, Patent Investing|0 Comments

Acacia shares gain 11.29% after executive chairman Graziadio buys 10,000 more shares

Shares of Acacia Research Corp. (ACTG), the patent licensing company run by Executive Chairman Louis Graziadio III, gained 11.29% today after Graziadio revealed in a FORM 4 filing that he recently acquired another 10,000 shares of Acacia at a price of $3.08. Acacia shares gained 35 cents to $3.45 in trading today. They've traded between [...]

By | August 24th, 2017|exec changes, Patent Investing|0 Comments

Marathon urges shareholders to re-elect CEO Croxall and approve Fortress debt repayment deal at upcoming annual meeting

Doug Croxall, CEO of Marathon Patent Group Inc. (MARA), the patent licensing company that agreed to exchange three patent portfolios for the extinguishment of $16 million in debt owed to a unit of Fortress Investment Group, will be up for re-election to the board at this year’s upcoming annual meeting. Los Angeles-based Marathon is holding [...]

By | August 24th, 2017|Financing, Patent Investing|0 Comments

InterDigital expects third quarter revenue of $90M to $98M including Huawei agreement

InterDigital Inc. (IDCC), the mobile technology research and development and licensing company run by CEO Bill Merritt, said it expects its third quarter 2017 revenue to be between $90 million and $98 million. The Wilmington, Delaware-based company said the revenue guidance includes recurring revenue in the range of $83 million to $88 million.  The total [...]

By | August 22nd, 2017|earnings, Patent Investing|0 Comments

Inventergy directors who provided $100K in financing may get a share of recoveries from Fortress’ INVT SPE

Inventergy Global Inc. (INVT), the patent licensing company run by CEO Joseph Beyers, said directors who participated in a recent $100,000 financing will be entitled to a share of any recoveries by INVT SPE, the special purpose entity operated by Fortress Investment Group. INVT SPE LLC, which has filed patent enforcement actions against Apple and [...]

By | August 21st, 2017|Financing, Patent Investing|0 Comments

DSS adds three directors with patent, corporate and security law and health care experience

Document Security Systems Inc.(DSS), the patent licensing company run by CEO Jeff Ronaldi, said it has added three new board members with patent, corporate and securities law experience and health care industry experience. Dr. Pamela Avallone, M.D. is a registered U.S. patent attorney and medical doctor with more than 25 years of combined scientific, medical [...]

By | August 21st, 2017|exec changes, Patent Investing|0 Comments

VirnetX says standstill agreement reached with HTC may lead to licensing agreement

VirnetX Holding Corp. (VHC), the an Internet security software and technology licensing company run by CEO Kendall Larsen, said it hopes to reach a licensing agreement with HTC Corp. without the need for litigation, after the two sides reached a standstill agreement brokered by IP Value Management. Zephyr Cove, Nevada-based VirnetX is trying to buck the [...]

By | August 21st, 2017|Asia, licensing agreement, Patent Investing|0 Comments

Fortress is hoping to succeed in patent monetization where the NPEs it’s foreclosed upon have failed

2017 may go down in U.S. intellectual property market history as the year in which Fortress Investment Group (FIG) officially and grudgingly became a patent monetizer, often referred to as a non-practicing entity (NPE) and scurrilously as a so-called patent troll. That’s because the New York-based private equity firm, whose intellectual property investing unit has [...]

By | August 18th, 2017|Financing, Patent Investing, Patent Trolling, PTAB|0 Comments