Spherix shareholders ok reverse split to regain compliance with Nasdaq listing rules

Spherix Inc. (SPEX), the patent monetization company run by CEO Anthony Hayes, said its board now has authority to approve a reverse stock split at a ratio of 1-for-12 or 1-for-24 after shareholders approved the measure following a vote by shareholders at a special meeting last week. The vote for the reverse split scheduled for [...]

By | February 29th, 2016|Patent Investing|Comments Off on Spherix shareholders ok reverse split to regain compliance with Nasdaq listing rules

PTAB rejects two more challenges to Finjan patents filed by Symantec Corp.

The Patent Trial and Appeal Board last week rejected two petitions for inter partes review of two patents owned by Finjan Holdings Inc. (FNJN), the patent licensing company run by CEO Phil Hartstein, rejecting Symantec Corp.’s argument for invalidating the patents. The decisions on Feb. 26 came in IPR2015-01895 and IPR2015-01897, which alleged that Finjan's [...]

By | February 29th, 2016|Patent Investing|Comments Off on PTAB rejects two more challenges to Finjan patents filed by Symantec Corp.

(Update1) Juridica Asset Management fund provides $10M in litigation funding to ParkerVision

ParkerVision Inc. (PRKR), the patent licensing company run by CEO Jeffrey Parker, said it has received $10 million in litigation funding from Brickell Key Investments LP, a special purpose fund under the management of Juridica Asset Management Ltd., a Guernsey-based asset manager. The funding also has a provision for an additional $1 million of funding [...]

By | February 26th, 2016|Patent Investing|Comments Off on (Update1) Juridica Asset Management fund provides $10M in litigation funding to ParkerVision

(Update1) Acacia shares plunge 21% after $115.9M 4th Qtr loss on impairment charges on Adaptix portfolio

Shares of Acacia Research Corp. (ACTG), the patent licensing company run by interim CEO Marvin Key, plunged more than 20% after the company swung to a net loss of $115.9 million in the fourth quarter because of a $30.15 million non cash goodwill impairment charge and a $74.73 million non-cash patent related impairment charge. Acacia [...]

By | February 26th, 2016|Patent Investing|Comments Off on (Update1) Acacia shares plunge 21% after $115.9M 4th Qtr loss on impairment charges on Adaptix portfolio

(Update3) Acacia takes $104.9M in impairment charges linked to Adaptix portfolio, posts $115.3M loss in the fourth quarter

Acacia Research Corp. (ACTG), the patent licensing company run by interim CEO Marvin Key, swung to a net loss of $115.9 million in the fourth quarter because of a $30.15 million non cash good will impairment charge and a $74.73 million non-cash patent related impairment charge. The charges stemmed from an adverse ruling in Acacia’s [...]

By | February 25th, 2016|Patent Investing|Comments Off on (Update3) Acacia takes $104.9M in impairment charges linked to Adaptix portfolio, posts $115.3M loss in the fourth quarter

Dominion sees patent investing business that is partnering with WiLAN reaching 50 to 100 startups by year-end

Dominion Harbor Group co-founder, Chairman and CEO David Pridham said the partnership it formed with WiLAN Inc. (WILN) to invest WiLAN patents in startups could eventually be part of a business that accounts for about 40% of the intellectual property advisory firm’s revenue. Pridham said in an interview that the idea of investing patents in [...]

By | February 25th, 2016|Patent Investing|Comments Off on Dominion sees patent investing business that is partnering with WiLAN reaching 50 to 100 startups by year-end

Supreme Court seen issuing “vague and not obvious” ruling to ease Federal Circuit test for enhanced damages

The U.S. Supreme Court appears likely to seek a compromise in its effort to ease the Court of Appeals for the Federal Circuit’s much criticized test for enhanced damages in willful infringement cases that may please few entirely and probably have unforeseen negative consequences. That’s the assessment of Ronald Mann, a professor of law at [...]

By | February 25th, 2016|Patent Investing, Patent Trolling|Comments Off on Supreme Court seen issuing “vague and not obvious” ruling to ease Federal Circuit test for enhanced damages

Marvell’s $750M settlement with Carnegie Mellon seen as more of an outlier than a bellwether for NPEs

Marvell Technology Group LLC’s (MRVL) $750 million settlement with Carnegie Mellon University provided a hint of optimism in the market for patent monetization companies, though the case is probably more outlier than sign of settlements to come for patent assertion companies, universities and other patent holders. Teaming with a university as K&L Gates attorneys did [...]

By | February 24th, 2016|Patent Investing, Patent Trolling|Comments Off on Marvell’s $750M settlement with Carnegie Mellon seen as more of an outlier than a bellwether for NPEs

WiLAN, Dominion Harbor form partnership to invest WiLAN patents in startups

Wi-LAN Inc. (WILN), the patent licensing company run by CEO Jim Skippen, said has formed a partnership with Dominion Harbor Group in which Dominion will acquire certain patents from WiLAN and invest them in startups. Ottawa-based WiLAN and Dallas-based Dominion said the initial portfolio, consisting of fewer than 100 patent families, will be managed by [...]

By | February 23rd, 2016|Patent Investing|Comments Off on WiLAN, Dominion Harbor form partnership to invest WiLAN patents in startups

(Update6) Marathon and Uniloc have terminated their proposed business combination

Marathon Patent Group Inc. (MARA), the patent monetization company run by CEO Doug Croxall, said it and Uniloc Luxembourg SA have terminated their proposed business combination. The deal was worth $91 million when it was announced in August. "We have enormous respect for Uniloc, its management and its intellectual property," Croxall said in a statement. [...]

By | February 23rd, 2016|Patent Investing|Comments Off on (Update6) Marathon and Uniloc have terminated their proposed business combination