(Update2) Spherix shares plunge 48% after it raises lower than expected $4M in public offering

Spherix Inc. (SPEX), the patent licensing company run by CEO Anthony Hayes, raised a lower than expected $4 million in a public offering of company stock arranged by Rodman & Renshaw LLC, a unit of H.C. Wainwright & Co. Bethesda, Maryland-based Spherix had filed with the Securities and Exchange Commission to raise as much as [...]

By | December 2nd, 2015|Patent Investing|Comments Off on (Update2) Spherix shares plunge 48% after it raises lower than expected $4M in public offering

(Update2) Federal Circuit rules IPRs aren’t unconstitutional under Article III and the Seventh Amendment

A three judge panel of the Court of Appeals for the Federal Circuit ruled today that the inter partes review process created by the America Invents Act does not violate Article III of the U.S. Constitution and the Seventh Amendment, which provides a right to a jury trial. The ruling was handed down in a [...]

By | December 2nd, 2015|Patent Investing|Comments Off on (Update2) Federal Circuit rules IPRs aren’t unconstitutional under Article III and the Seventh Amendment

Judge grants Finjan motion to add willful infringement to complaint against Sophos

Judge William Orrick of the U.S. District Court in San Francisco granted Finjan Holdings Inc.’s (FNJN) motion to amend its complaint for patent infringement against Sophos Inc. to add allegations of willful infringement of several patents at issue in their dispute without changing the scheduled trial date set for September 2016. At issue in the [...]

By | December 2nd, 2015|Patent Investing|Comments Off on Judge grants Finjan motion to add willful infringement to complaint against Sophos

Crane takes license to WiLAN vending machine patent for undisclosed amount

WiLAN Inc. (WILN), the patent licensing company run by CEO Jim Skippen, said its subsidiary, Seq Vend Technologies Inc., entered into a patent license agreement with Crane Co., for technology related to vending machine systems. Ottawa-based WiLAN acquired the portfolio from Panasonic in 2014. Crane, based in Stamford, Connecticut, is a leading global manufacturer of [...]

By | December 1st, 2015|Patent Investing|Comments Off on Crane takes license to WiLAN vending machine patent for undisclosed amount