RPX says chief revenue and strategy execs are leaving as part of reorganization of executive ranks

RPX Corp. (RPXC), the patent aggregator and provider of litigation loss control services run by CEO Martin Roberts, said its Chief Revenue Officer Steve Swank and Chief Strategy Officer Robert Heath, are leaving. San Francisco-based RPX said the departures are part of a new strategic direction the company has outlined since Roberts took over from [...]

December 14th, 2017|Categories: exec changes, Patent Investing|Tags: , |

RPX is unlikely to fetch $800M price tag cited by IAM report given state of its business and IP market

RPX Corp. (RPXC), the patent aggregator and litigation loss control specialist run by CEO Martin Roberts, is likely to fetch much less than the $800 million, or $16.25 a share offer IAM magazine reported RPX received from a consortium, according to people familiar with its business. That's because San Francisco-based RPX's business has been hurt [...]

December 13th, 2017|Categories: Patent Investing, Uncategorized|Tags: , |

Immersion needs new CEO to run aggressive enforcement campaigns against Apple and others

Immersion Corp. (IMMR), the haptic or sense of touch technology and patent licensing company that is pursuing aggressive enforcement actions against Apple Inc. (AAPL) and other large technology companies, needs to find a new CEO and probably needs to raise new capital if it’s to have the wherewithal to withstand Apple’s withering IPR attack on [...]

December 12th, 2017|Categories: exec changes, Financing, litigation, Patent Investing|

Marathon Patent Group raise $5M in registered direct offering after 4-for-1 stock swap

Marathon Patent Group Inc. (MARA), the IP licensing and management company that is reverse merging with Global Bit Ventures, a crypto currency data mining company, said it raised $5 million from a registered direct offering of one million shares of common stock to be used for working capital and general corporate purposes. Los Angeles-based Marathon, [...]

December 11th, 2017|Categories: Financing, Patent Investing|Tags: , |

Apple IPR petition against MEC Resources patent focuses on prior art, ignores tribal sovereign immunity

A petition for inter partes review filed by Apple Inc. (AAPL) of a patent owned by MEC Resources LLC, owned by three affiliated Native American tribes, didn’t take on the issue of tribal sovereign immunity, which has been used to shield patents from such reviews. Cupertino, California-based Apple filed IPR2018-00286 on Dec. 8 seeking to [...]

December 11th, 2017|Categories: litigation, Patent Investing, PTAB|Tags: , |