ZTE files application to USPTO to re-examine five Vringo patents

So much for those settlement talks. ZTE Corp., the Chinese telecommunication company locked in a patent infringement war against Vringo Inc. (VRNG), said it has applied to the United States Patent and Trademark Office to re-examine five patents held by Vringo and its subsidiaries. The application to the USPTO comes after Shenzhen, China-based ZTE and [...]

By | February 12th, 2015|Patent Investing|Comments Off on ZTE files application to USPTO to re-examine five Vringo patents

IP Nav’s Spangenberg says he’s not interested in bringing shareholder actions to force write downs

Erich Spangenberg, the founder and owner of IP Navigation Group, said he isn’t interested in bringing shareholder lawsuits to force companies to write down the value of patent portfolios on their balance sheets. Joff Wild, of IAM Magazine wrote on his blog this morning that Spangenberg might “next turn his attention to shareholder suits,” based [...]

By | February 11th, 2015|Patent Investing|Comments Off on IP Nav’s Spangenberg says he’s not interested in bringing shareholder actions to force write downs

Marathon Patent Group director John Stetson resigns after two and a half years

John Stetson has resigned from his positions as executive vice president, secretary and director of Marathon Patent Group (MARA) effective Feb. 6 after two and a half years in which he helped build the company from the ground floor. Los Angeles-based Marathon said in a securities filing that the resignation wasn’t because of any disagreement [...]

By | February 11th, 2015|Patent Investing|Comments Off on Marathon Patent Group director John Stetson resigns after two and a half years

ZTE and Vringo cases consolidated in federal court in Manhattan, TRO dissolved

ZTE Corp.’s breach of contract lawsuit against Vringo Inc. (VRNG) filed last week in federal court in Wilmington, Delaware, is being consolidated with a previous lawsuit filed by Vringo against ZTE in federal court in Manhattan. After a conference today involving ZTE, Vringo, Judge Gregory Sleet of the U.S. District Court in Wilmington, and Judge [...]

By | February 10th, 2015|Patent Investing, Patent Trolling|Comments Off on ZTE and Vringo cases consolidated in federal court in Manhattan, TRO dissolved

Vringo accuses ZTE of ‘vexatious litigation’ in motion to lift TRO as settlement talks continue

Shares of Vringo Inc. (VRNG), the patent monetization company locked in a infringement war with ZTE Corp., surged 30.6% in the final hour of trading today as investors reacted to the disclosure that the two companies had recently held settlement discussions. Vringo shares gained 19 cents to 81 cents in trading on the Nasdaq on [...]

By | February 9th, 2015|Patent Investing, Patent Trolling|Comments Off on Vringo accuses ZTE of ‘vexatious litigation’ in motion to lift TRO as settlement talks continue

Internet Patents shares touch 52-week low after share repurchases ahead of Prism merger

Internet Patents Corp. (PTNT), the patent monetization company that in November agreed to buy Prism Technologies for $16.5 million in cash plus 3.5 million shares of common stock, paid $3.5 million to three shareholders after Thanksgiving to clear the way for the merger. The Folsom, Calif.-based company, which is run by Chairman and CEO Hussein [...]

By | February 9th, 2015|Patent Investing, Patent Trolling|Comments Off on Internet Patents shares touch 52-week low after share repurchases ahead of Prism merger

ZTE brings breach of contract suit against Vringo in federal court in Delaware

ZTE Corp., the Chinese telecommunications company locked in a patent infringement war with Vringo Inc. (VRNG) opened a new front in U.S. District Court in Delaware on Feb. 5 claiming that Vringo must abide by a commitment made by the prior patent owner to the the European Telecommunications Standards Institute. Shenzhen, China-based ZTE argues that [...]

By | February 9th, 2015|Patent Investing, Patent Trolling|Comments Off on ZTE brings breach of contract suit against Vringo in federal court in Delaware

Money losing Endeavor IP puts its IR specialist on the board

Endeavor IP Inc. (ENIP), the patent assertion company that recently replaced its CEO, said it named David Waldman, the founder of investor relations firm Crescendo Communications LLC, to its board. Waldman and Crescendo previously handled IR for Endeavor IP, which last week revealed its CEO Rob Dhat resigned and was replaced by President Franciscus Diaba. [...]

By | February 6th, 2015|Patent Investing, Patent Trolling|Comments Off on Money losing Endeavor IP puts its IR specialist on the board

Microcap financier Dr. Phillip Frost resigns from Teva board

Microcap financier Dr. Phillip Frost resigned from the board of Teva Pharmaceutical Industries Ltd. (TEVA) effective February 4. Jerusalem-based Teva is the biotech company that recently gave patent assertion companies new hope for the U.S. Supreme Court to roll back recent Federal Circuit decisions reversing claims construction decisions by district courts. The U.S. Supreme Court [...]

By | February 6th, 2015|Patent Investing|Comments Off on Microcap financier Dr. Phillip Frost resigns from Teva board

Finjan’s Hartstein doesn’t believe in celebrating prematurely

Phil Hartstein, CEO of Finjan Inc. (FNJN), won’t be popping any champagne corks the next time the patent monetization company wins a big licensing settlement or completes a debt or equity financing. “Is that a champagne popping event?,” Hartstein said on Wednesday, Feb. 4 from Finjan’s offices in Menlo Park, referring to rival Marathon Patent [...]

By | February 5th, 2015|Patent Investing|Comments Off on Finjan’s Hartstein doesn’t believe in celebrating prematurely