Contingency law firms are pulling back from representing patent owners as big damage awards become difficult to sustain and revenue declines

Contingency law firms who represent patent owners including universities, foundations, inventors and even non-practicing entities expect a downsizing coming in the new year as patent infringement cases decline even without a new round of patent reform legislation. That’s because revenue from contingency fee cases has fallen so quickly in patent litigation in the wake of [...]

By | November 20th, 2015|Patent Investing, Patent Trolling|Comments Off on Contingency law firms are pulling back from representing patent owners as big damage awards become difficult to sustain and revenue declines

DSS CEO Ronaldi aims to overhaul the licensing company in the mold of a startup

Document Security Systems Inc. (DSS) CEO Jeff Ronaldi said he wants to instill a startup mentality as part of his overhaul of the company beyond its roots as a packaging and printing technology and licensing company and turn its million dollar investment in anti counterfeiting technology into a profitable product business. Rochester, N.Y.-based DSS has [...]

By | November 19th, 2015|Patent Investing|Comments Off on DSS CEO Ronaldi aims to overhaul the licensing company in the mold of a startup

Network-1 Technologies posts 3rd Qtr profit on several licensing settlements

Network-1 Technology Corp. (NTIP), the patent licensing company run by Chairman and CEO Corey Horowitz, on Monday Nov. 16 posted third quarter net income of $407,000, or 2 cents a share, driven by several litigation settlements. The third quarter profit compared with a net loss of $36,000, or no cents a share, in the same [...]

By | November 17th, 2015|Patent Investing|Comments Off on Network-1 Technologies posts 3rd Qtr profit on several licensing settlements

Huawei takes license from Acacia’s Parthenon Unified Memory unit

Acacia Research Corp. (ACTG), the patent licensing company run by CEO Matt Vella, said its Parthenon Unified Memory Architecture LLC subsidiary reached a settlement and patent license agreement with Huawei Technologies Co. Ltd. Newport Beach, Calif.-based Acacia said the terms of the settlement were confidential. The company also said the agreement resolves litigation that was [...]

By | November 17th, 2015|Patent Investing|Comments Off on Huawei takes license from Acacia’s Parthenon Unified Memory unit

Marathon shares surge 16.4% after CEO signals optimism on 4th Qtr revenue

Shares of Marathon Patent Group (MARA), the patent licensing company combining with Uniloc SA in a merger valued at $91 million, gained as much as 18% in trading on Tuesday, Nov. 17, a day after the company posted a lower than expected third quarter loss and better than expected revenue. Shares gained 16.4% or 23 [...]

By | November 17th, 2015|Patent Investing|Comments Off on Marathon shares surge 16.4% after CEO signals optimism on 4th Qtr revenue

Google files to intervene in Vringo-ZTE dispute to keep documents confidential

Google Inc. (GOOG), the Internet technology giant, on Monday Nov. 16 filed to intervene on its own behalf in the breach of nondisclosure agreement dispute between Vringo Inc. (VRNG) and ZTE Corp., the Chinese telecommunications giant. That dispute is currently in the U.S. District Court in Manhattan before Judge Lewis Kaplan. Mountain View, Calif.-based Google [...]

By | November 17th, 2015|Patent Investing|Comments Off on Google files to intervene in Vringo-ZTE dispute to keep documents confidential

(Update2) Marathon swings to $3.75M loss in 3rd Qtr on higher amortization and litigation expenses

Marathon Patent Group (MARA), the patent licensing company combining with Uniloc SA in a merger valued at $91 million, swung to a net loss in the third quarter on lower revenue and higher professional fees, patent amortization expenses and one-time merger expenses. Los Angeles-based Marathon posted a net loss of $3.75 million, 26 cents a [...]

By | November 16th, 2015|Patent Investing|Comments Off on (Update2) Marathon swings to $3.75M loss in 3rd Qtr on higher amortization and litigation expenses

(Update2) Czech software company Avast takes license to Finjan patents for $2.975M

Finjan Holdings Inc. (FNJN), the cybersecurity and licensing company run by CEO Phil Hartstein, said Avast Software s.r.o., a Czech software company, agreed to take a license to Finjan’s cybersecurity and technology patents. East Palo Alto, California-based Finjan said in a filing with the Securities and Exchange Commission that Avast agreed to pay Finjan $2.975 [...]

By | November 16th, 2015|Patent Investing|Comments Off on (Update2) Czech software company Avast takes license to Finjan patents for $2.975M

(Update3) DSS signs one month contract with CEO Ronaldi to buy time for extended contract with reduced salary, profit sharing

Document Security Systems Inc. (DSS), the struggling patent licensing company that took a $37 million charge in 2014 to write down a patent portfolio after an adverse court ruling in January, said it signed a one month extension of CEO Jeff Ronaldi’s employment contract to give it more time to renegotiate a longer contract. The [...]

By | November 14th, 2015|Patent Investing|Comments Off on (Update3) DSS signs one month contract with CEO Ronaldi to buy time for extended contract with reduced salary, profit sharing

RPX offers new insurance protection for spikes in litigation costs

RPX Corp. (RPXC), the provider of patent risk management solutions run by CEO John Amster, said it is now providing litigation insurance for companies facing variable frequency and spikes in patent litigation costs. San Francisco-based RPX said its volatility risk coverage will provide these companies with a reasonably priced insurance option to transfer their risk [...]

By | November 13th, 2015|Patent Investing, Patent Trolling|Comments Off on RPX offers new insurance protection for spikes in litigation costs