Crossroads fiscal first quarter loss narrows on lower expenses

Crossroads Systems Inc. (CRDS), the patent monetization company run by CEO Richard Coleman Jr., posted a narrower net loss in the fiscal first quarter ended Jan. 31, 2015 on a 9% reduction in operating expenses. Austin, Texas-based Crossroads posted a net loss of $2.3 million, or 15 cents in the latest fiscal quarter, versus a [...]

By | March 5th, 2015|Patent Investing|Comments Off on Crossroads fiscal first quarter loss narrows on lower expenses

Rembrandt IP said to be launching litigation financing business

Rembrandt IP Management, the privately-held patent monetization company run by Chairman Paul Schneck and President Michael Johnson, is quietly changing its business model to focus less on acquiring and owning patents and more on financing infringement campaigns, according to people familiar with the matter. Bala Cynwyd, Pennsylvania-based Rembrandt IP will still acquire patents selectively, but [...]

By | March 5th, 2015|Patent Investing|Comments Off on Rembrandt IP said to be launching litigation financing business

Finjan, Fortinet win separate claims construction rulings vs. Sophos

Finjan Inc. (FNJN) and Fortinet Inc. (FTNT) recently won favorable claims construction rulings in separate cybersecurity patent infringement cases against Sophos Inc., adding pressure they hope on the information technology security product maker to settle the cases. Both cases are currently being heard in U.S. District Court in San Francisco. Judge William Orrick is presiding [...]

By | March 4th, 2015|Patent Investing|Comments Off on Finjan, Fortinet win separate claims construction rulings vs. Sophos

Newegg’s Cheng is willing to bet $1K that SmartFlash’s $533M award against Apple won’t survive appeal

SmartFlash Inc.’s $532.9 million jury award against Apple Inc. (APPL) is likely to be reduced significantly if not thrown out completely, said Lee Cheng, the general counsel of Newegg Ltd., the online computer retailer known for a scorched earth attitude toward patent monetization. “There’s a high probability the whole award gets flushed down the toilet,” [...]

By | March 4th, 2015|Patent Investing, Patent Trolling|Comments Off on Newegg’s Cheng is willing to bet $1K that SmartFlash’s $533M award against Apple won’t survive appeal

Marathon reaches first licensing agreement linked with billion dollar infringement case against car makers

Marathon Patent Group (MARA), the patent monetization company run by CEO Doug Croxall, said its Signal IP Inc. unit reached a licensing agreement with Volvo Cars of North America LLC for undisclosed terms. Los Angeles-based Marathon’s Signal IP last year filed a patent infringement case against Volvo and thirteen other automobile manufacturers where seeking $1.4 [...]

By | March 2nd, 2015|Patent Investing|Comments Off on Marathon reaches first licensing agreement linked with billion dollar infringement case against car makers

New IP consultant OrtusIP gets rocky send off from M-CAM

Ted Luse II, the founder of OrtusIP, a new intellectual property advisory firm aimed at providing clients with advice on unlocking value in patents, trademarks, copyrights and other forms of intellectual property, learned much about the patent monetization businesses from Dr. David Martin, the founder of M-CAM Inc.   Luse had been the founder and [...]

By | March 2nd, 2015|Patent Investing|Comments Off on New IP consultant OrtusIP gets rocky send off from M-CAM