(Update1) Senator Hatch proposes amendment to Hatch-Waxman to prevent gaming of drug patent system with IPRs

Senator Orrin Hatch (R-UT), the chairman of the Senate Republican High-Tech Task Force and co-author of the Hatch-Waxman Act, filed an amendment in the Senate Judiciary Committee to restore the careful balance the Hatch-Waxman Act struck to incentivize generic drug development. The amendment, dubbed the Hatch-Waxman Integrity Act of 2018, would prevent generic drug companies [...]

By | June 13th, 2018|drug patents, IPRs, Patent Investing|0 Comments

Immersion passes milestone of 3,000 haptics patents

Immersion Corp. (IMMR), the developer and licensor of touch feedback technology that won a $65 million settlement from Apple Inc., today announced that it now has more than 3,000 haptics patents issued or pending worldwide. The San Jose, California-based company said its extensive background in haptics includes 25 years of experience in haptic research and [...]

By | June 13th, 2018|Patent Investing|0 Comments

Universal Display signs technology licensing deal with China’s Visionox

Universal Display Corp. (OLED), the organic light emitting diode (OLED) display technology company run by CEO Steven Abramson, said it signed a new OLED technology licensing agreement with China’s Visionox Technology Inc. for terms not disclosed. The Ewing, New Jersey-based company said the deal also included a supplemental material purchase agreement. Under the agreements, Universal [...]

By | June 12th, 2018|China, licensing agreement, Patent Investing|0 Comments

Shareholder suit alleges Qualcomm’s failure to disclose efforts to get regulator to quash Broadcom offer led to investment losses

Qualcomm Inc. (QCOM), the technology giant that fended off a $110 billion takeover from Broadcom Ltd.  (AVGO) allegedly made a series of materially false and misleading statements and failed to disclose to investors that it had secretly filed a unilateral notice with regulators in order to frustrate Broadcom's attempt to acquire the company. That’s according [...]

By | June 11th, 2018|litigation, Patent Investing|0 Comments

RPX is hit with second shareholder action seeking to enjoin sale to HGGC

RPX Corp. (RPXC), the patent aggregator that agreed to be acquired by HGGC LLC for $555 million, said its been hit with a second shareholder lawsuit alleging improper disclosure of the company’s financial condition to shareholders ahead of the announced transaction. The latest action was filed by Bob Carmean, who claims to be a longstanding [...]

By | June 8th, 2018|litigation, Patent Investing|0 Comments

ExRPX executives question patent aggregator’s ability to reproduce high profile syndicated deals of the past

RPX Corp. (RPXC), the patent aggregator that agreed to be acquired by private equity firm HGGC LLC for $555 million, may not able to reproduce the type of high profile syndicated patent acquisitions for which it was once known because of the departure of the key executives who once negotiated those deals and substantial patent [...]

By | June 7th, 2018|Patent Investing|0 Comments

Activists outline plan to overhaul Acacia in latest letter to shareholders ahead of annual meeting proxy vote

Activists Sidus Investment Management, run by Al Tobia Jr., and BLR Partners LP, run by Bradley Radoff, said they have a “sensible value creation platform” to overhaul Acacia Research Corp. (ACTG) and make it more accountable to shareholders. In a June 7 letter to shareholders, urging them to support Tobia’s and hedge fund manager Clifford [...]

By | June 7th, 2018|exec changes, NPE, Patent Investing|0 Comments

MelRok is seeking patent protection in early stage energy Internet of things technology

MelRok LLC, the energy Internet of things startup developing software to allow utilities and buildings to efficiently monitor, communicate and control multiple energy systems and devices, recently received a new patent focused on solar energy systems, and is looking for a CEO who can lead it to profitability in the next six months to a [...]

By | June 6th, 2018|Patent Investing|0 Comments

RPX licenses former Siemens patents assigned to WiLAN unit Network Managing Solutions

Wi-LAN Inc., the patent licensing unit of Quarterhill Inc. (QTRH), said its today announced that its wholly-owned subsidiary, Network Managing Solutions LLC, has granted a license for certain patents owned by NMS to RPX Corp. (RPXC). Ottawa, Ontario-based WiLAN said the terms were confidential and that the licensed patents relate to network management technology. In [...]

RPX is facing a shareholder lawsuit seeking to enjoin sale to HGGC for $555M

RPX Corp. (RPXC), the patent aggregator that agreed to sell itself to middle market private equity firm HGGC LLC, for $555 million, said its been hit with a lawsuit seeking class action status related to questions about disclosures related to the sale. "As of June 5, 2018, the Company is aware of one putative class [...]

By | June 6th, 2018|litigation, Patent Investing|0 Comments