(Update2) Techquity leads $10M litigation financing for Crossroads’ ‘972 patents

Crossroads Systems Inc. (CRDS), the patent licensing company run by CEO Richard Coleman Jr., said it has secured $10 million in litigation financing related to its '972 patent portfolio. "The rough math suggests they have sold about 45 percent of their equity for $10 unless their IP is a home run or the product business [...]

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Pendrell posts $1,000 profit in third quarter as litigation costs outstripped revenue

Pendrell Corp. (PCO), the patent licensing company run by CEO Lee Mikles, on Friday Oct. 30 posted net income of $1,000 in the third quarter of 2015 as higher litigation costs continued to outstrip revenue gains. The Kirkland, Washington-based company said in a filing with the Securities and Exchange Commission that the third quarter profit [...]

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Acacia unit settles patent dispute with Schlage Lock Co., terms undisclosed

Acacia Research Corp. (ACTG), the patent licensing company run by CEO Matt Vella, said on Friday, Oct. 30 its O.S. Security LLC subsidiary entered into a settlement agreement with Schlage Lock Co. LLC, a brand of Ingersoll Rand. Newport Beach, Calif.-based Acacia said the agreement resolves litigation that was pending in the U.S. District Court [...]

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(Update1) Inventergy settles infringement dispute with Genband, terms undisclosed

Inventergy Global Inc. (INVT) the patent licensing company run by CEO Joseph Beyers, said it entered into a settlement agreement with Genband US LLC, resolving the patent infringement litigation brought by Inventergy in the Eastern District of Texas involving five U.S. patents from Inventergy's IMS and VoIP technology portfolio. Campbell, Calif.-based Inventergy said Genband will [...]

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