Vringo shares gain 10% as Romanian appeals court limits bond in injunction against ZTE

Shares of Vringo Inc. (VRNG) gained 10% after the patent assertion company said it won a round in a Romanian court of appeals against Chinese telecommunication company ZTE Corp. Vringo shares gain 6 cents to 64 cents in afternoon trading on the Nasdaq. They’ve traded between 46 cents and $4.49 over the past year New [...]

By | February 4th, 2015|Patent Investing|Comments Off on Vringo shares gain 10% as Romanian appeals court limits bond in injunction against ZTE

Marathon Patent Group is the latest patent monetizer to get backing from Fortress

Marathon Patent Group (MARA) said yesterday it raised $15 million by issuing secured notes to an affiliate of Fortress Investment Group and will have the option to raise an additional $35 million. Los Angeles-based Marathon, which is run by CEO Doug Croxall and counts as one of its biggest investors Erich Spangenberg, said in a [...]

By | February 4th, 2015|Patent Investing, Patent Trolling|Comments Off on Marathon Patent Group is the latest patent monetizer to get backing from Fortress

Spherix rejects takeover bid from Marathon, saying it ‘substantially undervalues’ company

Spherix Inc. (SPEX), the patent assertion company run by CEO Anthony Hayes, said its board unanimously rejected an unsolicited takeover bid from Marathon Patent Group (MARA). Bethesda, Maryland-based Spherix said Los Angeles-based Marathon had offered to acquire Spherix on January 15, 2015 in a stock-for-stock transaction valuing Spherix at a 15% premium above the recent [...]

By | February 3rd, 2015|Patent Investing|Comments Off on Spherix rejects takeover bid from Marathon, saying it ‘substantially undervalues’ company

U.K. High Court rejects ZTE motion to introduce new prior art against Vringo patent

Vringo Inc. (VRNG), the patent assertion company run by CEO Andrew Perlman, said today that the U.K. High Court on Friday rejected ZTE Corp.'s attempt to introduce new prior art and re-argue the validity of the U.K. part of Vringo’s European Patent 1,212,919, which the high court previously found to be valid and infringed. The [...]

By | February 2nd, 2015|Patent Investing|Comments Off on U.K. High Court rejects ZTE motion to introduce new prior art against Vringo patent

Acacia Research Corp.’s Vella has been struggling to bring down elephants

Acacia Research Corp. (ACTG) CEO Matthew Vella lately has been having trouble bringing down elephants, especially with the patent assertion company’s Adaptix Inc. infringement action against Apple Inc., AT&T Mobility, Verizon Wireless and HTC Corp. So far, investors including Greg Lewin, who manages money at Lewin Capital Management, are betting that Acacia and Vella can [...]

By | February 2nd, 2015|Patent Investing|Comments Off on Acacia Research Corp.’s Vella has been struggling to bring down elephants