(Update1) Patent licensing company valuations may have further to fall given capital raising challenges, reticence of consolidators

The inability of patent licensing companies to raise capital at anything other than deeply distressed levels and the lack of mergers in the space may mean that although asset prices are currently by most measures very cheap, they may have much further to fall because of the stiff headwinds facing the industry. That’s bad news [...]

By | September 24th, 2015|Patent Investing, Patent Trolling|Comments Off on (Update1) Patent licensing company valuations may have further to fall given capital raising challenges, reticence of consolidators

(Update2) Pendrell shares plunge as much as 38% after jury finds ContentGuard didn’t prove infringement by Google and Samsung

A jury in federal court in Marshall, Texas ruled that Google Inc. and Samsung Electronics Co. Ltd. did not infringe patent owned by ContentGuard Holdings, a unit of patent licenser Pendrell Corp. (PCO). Shares of Pendrell plunged 49 cents to 84 cents in midday trading. They've traded between 82 cents and $1.86 over the past [...]

By | September 24th, 2015|Patent Investing|Comments Off on (Update2) Pendrell shares plunge as much as 38% after jury finds ContentGuard didn’t prove infringement by Google and Samsung

(Updte2) Bass and Spangenberg request rehearing of PTAB denial of institution of two IPRs against Acorda

The Coalition for Affordable Drugs, the group controlled by billionaire J. Kyle Bass’s Hayman Capital and IP Navigation Group’s Erich Spangenberg is doubling down on its bet against Acorda Therapeutics (ACOR) patent for ampyra, an extended release tablet for treatment of multiple sclerosis. Bass and Spangenberg earlier this month filed new petitions for inter partes [...]

By | September 23rd, 2015|Patent Investing|Comments Off on (Updte2) Bass and Spangenberg request rehearing of PTAB denial of institution of two IPRs against Acorda

(Update1) Spherix shares plunge 22.8% after it files registration statement to raise up to $10M

Shares of Spherix Inc. (SPEX), the patent licensing company facing a $5 million preferred stock redemption payment to RPX Corp. (RPXC) in December, fell as much as 22.8 percent in midday trading after the company filed a registration statement to raise up to $10 million in stock. The Bethesda, Maryland-based company hired Rodman & Renshaw, [...]

By | September 23rd, 2015|Patent Investing, Patent Trolling|Comments Off on (Update1) Spherix shares plunge 22.8% after it files registration statement to raise up to $10M

Marathon’s Orthophoenix unit signs licensing deal with Osseon, terms undisclosed

Marathon Patent Group Inc. (MARA), the patent licensing company merging with Uniloc Luxembourg SA in a combination worth $90 million, said its wholly-owned subsidiary, Orthophoenix LLC has reached a settlement and license agreement with Osseon LLC. Los Angeles-based Marathon, which is run by CEO Doug Croxall, said the consideration to be paid by Osseon to [...]

By | September 23rd, 2015|Patent Investing|Comments Off on Marathon’s Orthophoenix unit signs licensing deal with Osseon, terms undisclosed

(Update4) Spherix files registration statement for up to $10M public offering

Spherix Inc. (SPEX), the patent licensing company facing a $5 million preferred stock redemption payment to RPX Corp. (RPXC) in December, filed a registration statement to raise up to $10 million in stock. The Bethesda, Maryland-based company hired Rodman & Renshaw, a unit of H.C. Wainwright & Co. Ltd. to arrange the offering. Spherix filed [...]

By | September 22nd, 2015|Patent Investing|Comments Off on (Update4) Spherix files registration statement for up to $10M public offering

New IP Financial Models conference to be held in New York October 8

Thomson Reuters and the Legal Executive Institute are hosting a conference on October 8 from 8:30 am to 6 pm in New York entitled “New IP Financial Models: Innovation, Wall Street, and Patents.” The co-chairs of the conference are retired Court of Appeals for the Federal Circuit Chief Judge Paul Michel, Robert Sterne, founding director [...]

By | September 22nd, 2015|Patent Investing|Comments Off on New IP Financial Models conference to be held in New York October 8

WiLAN’s Advanced Microscopy unit reaches licensing agreement with Olympus

WiLAN (WILN), the patent licensing company run by CEO Jim Skippen, said its Advanced Microscopy Inc. unit has entered into a patent license agreement with Olympus Corp., the second such license of the portfolio since WiLAN acquired it. The Ottawa-based company said the terms of the license are confidential. WiLAN said the license relates to [...]

By | September 22nd, 2015|Patent Investing|Comments Off on WiLAN’s Advanced Microscopy unit reaches licensing agreement with Olympus

(Update1) Acacia’s Labyrinth Optical reaches ‘compromise settlement’ with Alcatel-Lucent USA

Acacia Research Corp. (ACTG), the patent licensing company run by CEO Matt Vella, reached a compromise settlement of an infringement dispute between its Labyrinth Optical Technologies LLC and Alcatel-Lucent USA LLC, the terms of which were confidential. Newport Beach, Calif.-based Acacia brought a complaint in March in U.S. District Court in the Central District of [...]

By | September 21st, 2015|Patent Investing|Comments Off on (Update1) Acacia’s Labyrinth Optical reaches ‘compromise settlement’ with Alcatel-Lucent USA

(Update1) Jury finds Cascade Communications patent valid but not infringed by Samsung for second time

A jury in federal court in Chicago found that Samsung Electronics Co. Ltd. did not infringe on a patent related to smartphone technology owned by Cascades Computer Innovation LLC, the non-practicing entity founded by former Jenner & Block LLP partner Anthony Brown. The suit alleged infringement of U.S. Patent No. 7,065,750, which involved a method [...]

By | September 21st, 2015|Patent Investing, Patent Trolling|Comments Off on (Update1) Jury finds Cascade Communications patent valid but not infringed by Samsung for second time