Judge gives Vringo win against ZTE on breach of NDA, damages to be determined

A U.S. District Court in Manhattan ruled that Chinese telecommunications company ZTE Corp. breached a non-disclosure agreement signed with patent assertion company Vringo Inc. (VRNG) by disclosing the NDA to Chinese governmental authorities during separate proceedings in China to invalidate Vringo patents. Judge Lewis Kaplan, who is overseeing the case New York-based Vringo filed against [...]

By | April 8th, 2015|Patent Investing|Comments Off on Judge gives Vringo win against ZTE on breach of NDA, damages to be determined

Privately-held cloud computing company TriPlay gets $11M in financing from Fortress, others

TriPlay Inc., the privately-held developer of personal cloud computing services, said it received $11 million in financing from investors including funds managed by Fortress Investment Group (FIG). New York-based TriPlay said investors also including existing shareholders including Kenges Rakishev and founder and CEO Tamir Koch. The breakdown and the terms of the financing weren’t disclosed. [...]

By | April 7th, 2015|Patent Investing|Comments Off on Privately-held cloud computing company TriPlay gets $11M in financing from Fortress, others

PTAB takes up reviews of patents at issue in Smartflash suits against Samsung, Apple and Google

The U.S. Patent Trial and Appeals Board last week agreed to take up covered business method reviews to potentially invalidate four patents Smartflash LLC asserted infringement claims against the South Korean consumer electronics behemoth Samsung Electronics Co. Ltd. Under the America Invents Act of 2011, the PTAB was instructed to take up such reviews only [...]

By | April 6th, 2015|Patent Investing|Comments Off on PTAB takes up reviews of patents at issue in Smartflash suits against Samsung, Apple and Google

Julie Mar-Spinola named Chief IP Officer at Finjan Inc.

Finjan Holdings Inc. (FNJN), the cybersecurity licensing company run by CEO Phil Hartstein, said it has promoted Julie Mar-Spinola as its chief intellectual property officer, effective immediately. Mar-Spinola has served as the Palo, Alto-based company’s vice president, legal operations since Feb. 3, 2014. In her new role, Mar-Spinola will have wide ranging responsibilities, including building [...]

By | April 6th, 2015|Patent Investing|Comments Off on Julie Mar-Spinola named Chief IP Officer at Finjan Inc.

Spherix says it’s been approached by third parties about purchasing some patent assets

Spherix Inc. (SPEX), the patent monetization company run by Anthony Hayes, said it has been approached by third parties to purchase portions of its current patent portfolio. “Whether we are able to effectuate a beneficial transaction remains uncertain, but we are focused on optimizing our assets for the benefit of our shareholders,” Hayes said in [...]

By | April 6th, 2015|Patent Investing|Comments Off on Spherix says it’s been approached by third parties about purchasing some patent assets

Engaged Capital’s slate of nominees to ROVI board said to have poor track record

Glenn Welling, the founder and chief investment officer of Engaged Capital LLC, who is leading an activist campaign to revive ROVI Corp. (ROVI) by bringing in new directors, probably should have picked nominees with better track records, according to an analyst and market watchers. Engaged Capital, which owns 549,900 shares of ROVl, has expressed disappointment [...]

By | April 3rd, 2015|Patent Investing|Comments Off on Engaged Capital’s slate of nominees to ROVI board said to have poor track record

Inventergy is cutting costs, reducing salaries with less than four months of cash left after $2.1M equity raise

Inventergy Global Inc. (INVT), the patent monetization company run by CEO Joe Beyers, said it is establishing a “contingent cost reduction plan,” which will enable to continue operations at reduced staffing and salary levels for up to six months without taking an additional draw from a loan facility with affiliates of Fortress Investment Group LLC [...]

By | April 3rd, 2015|Patent Investing|Comments Off on Inventergy is cutting costs, reducing salaries with less than four months of cash left after $2.1M equity raise

Judge throws out $131.2M infringement verdict won by Alfred E Mann against Cochlear after reversing jury on willful infringement

A federal judge in Los Angeles on Tuesday threw out a $131.2 million jury award the Alfred E Mann Foundation for Scientific Research won against Cochlear Corp. and Cochlear Ltd. in an infringement dispute over cochlear implant technology after reversing the jury’s finding on willful infringement. Patent market observers says the ruling demonstrates how difficult [...]

By | April 2nd, 2015|Patent Investing|Comments Off on Judge throws out $131.2M infringement verdict won by Alfred E Mann against Cochlear after reversing jury on willful infringement

Acacia unit’s suit against Schlumberger tossed over Acacia’s hiring of ex-Schlumberger IP attorney

A U.S. District Court in Austin, Texas has dismissed a patent infringement suit filed by a unit of Acacia Research Corp. (ACTG) against Schlumberger Ltd. after ruling that Acacia’s hiring of a former intellectual property attorney from Schlumberger unfairly disadvantaged the oilfield services company in the case. Judge Lee Yeakel yesterday ruled that Schlumberger presented [...]

By | April 1st, 2015|Patent Investing|Comments Off on Acacia unit’s suit against Schlumberger tossed over Acacia’s hiring of ex-Schlumberger IP attorney

Inventergy raises $2.15M in common stock financing after posting $20.2M loss and facing dwindling cash

Inventergy Global Inc. (INVT), the patent assertion company run by CEO Joe Beyers, said it raised $2.15 million in a private placement of common stock at a 29% discount to replenish cash to pursue licensing agreements after posting a $20.1 million net loss for 2014. Campbell, Calif.-based Inventergy said it is issuing 4.67 million shares [...]

By | April 1st, 2015|Patent Investing|Comments Off on Inventergy raises $2.15M in common stock financing after posting $20.2M loss and facing dwindling cash