Fortress, Crossroads partner to sell struggling licensing company’s non-core patents

Fortress Investment Group, whose IP practice is run by Eran Zur, moved closer to taking over the patent portfolio of another licensing company, to which it once lent money, on Tuesday, March 22, as it partnered with Crossroads Systems Inc. (CRDS) to sell the struggling licensing company’s non-core ‘972 patent portfolio. Fortress and Crossroads, the [...]

By | March 23rd, 2016|Patent Investing, Patent Trolling|Comments Off on Fortress, Crossroads partner to sell struggling licensing company’s non-core patents

Unwired Planet wins third of five U.K. enforcement actions vs. Samsung, Huawei

Unwired Planet Inc. (UPIP), the patent licensing company run by CEO Boris Teksler, said it won the third of five enforcement actions against Samsung Electronics and Huawei Technologies Co. in U.K. court. The decision by Judge Colin Birss in the Chancery Division of the High Court of Justice, Patents Court in London is also the [...]

By | March 22nd, 2016|Patent Investing|Comments Off on Unwired Planet wins third of five U.K. enforcement actions vs. Samsung, Huawei

(Update1) Nathaniel August’s Mangrove Partners tries to invalidate RPX’s business strategy

Nathaniel August’s Mangrove Partners, which has been leading an effort to invalidate patents of VirnetX Holding Corp. (VHC) through IPRs filed with the Patent Trial and Appeal Board, is now trying to invalidate the business plan of RPX Corp. (RPXC), the patent aggregator and provider of litigation loss control run by CEO John Amster. In [...]

By | March 18th, 2016|Patent Investing|Comments Off on (Update1) Nathaniel August’s Mangrove Partners tries to invalidate RPX’s business strategy

(UPdate1) Acacia rejects ARC Acquisition and Uniloc’s $189M takeover offer as inadequate as expected

Acacia Research Corp. (ACTG), the patent licensing company run by interim CEO Marvin Key, said its board rejected an unsolicited $189 million offer from ARC Acquisition Co. LLC and Uniloc Luxembourg SA, after consulting with outside advisers and concluding the offer was inadequate. The rejection was expected. “Because of the inadequacy of the proposal, the [...]

By | March 17th, 2016|Patent Investing|Comments Off on (UPdate1) Acacia rejects ARC Acquisition and Uniloc’s $189M takeover offer as inadequate as expected

(Update1) Inventor Amron’s $400M lawsuit against 3M over who invented the Post-It Note is seen as unlikely to escape dismissal

Alan Amron, a Miami-based inventor who claims he’s managed Muhammed Ali, the actors Kristy McNichol and Robert Guillaume and rubbed shoulders with Donald Trump, is suing 3M Co. and Arthur Fry for $400 million to force the conglomerate and Fry to stop claiming Fry and Spencer Silver both 3M employees invented the Post-It-Note back in [...]

By | March 17th, 2016|Patent Investing, Patent Trolling|Comments Off on (Update1) Inventor Amron’s $400M lawsuit against 3M over who invented the Post-It Note is seen as unlikely to escape dismissal

Two more Vringo directors depart as reshuffling continues after disappointing ZTE settlement

Vringo, Inc. (VRNG), the technology and patent licensing company run by CEO Andrew Perlman, said H. Van Sinclair and Noel J. Spiegel have resigned from its board of directors. Sinclair is the CEO of The RLJ Companies, the holding company set up by Robert L. Johnson. He currently serves on the following boards: ERC Holdings [...]

By | March 16th, 2016|Patent Investing|Comments Off on Two more Vringo directors depart as reshuffling continues after disappointing ZTE settlement

Google and Allied Security Trust are teaming up to start industry patent purchase program

Google Inc. (GOOG) and Allied Security Trust, the defensive patent aggregator run by CEO Russell Binns, are developing a new industry-wide patent purchase program modeled after Google’s patent purchase program last summer. Binns said in an interview that the development of program came out of Google’s success with the patent purchase promotion. “Google is one [...]

By | March 15th, 2016|Patent Investing|Comments Off on Google and Allied Security Trust are teaming up to start industry patent purchase program

(Update1) Spherix, Equitable IP are planning 10 enforcement actions involving Nortel and other patents by May 1

Spherix Inc. (SPEX), which last week announced a collaborative agreement with Dean Becker’s Equitable IP Corp., said it has reached a new agreement with Equitable IP to monetize the patent licensing company’s Nortel patents. Last week, Bethesda, Maryland-based Spherix and Equitable IP announced plans to collaborate on the monetization of Spherix’s CompuFill patents, which relate [...]

By | March 15th, 2016|Patent Investing|Comments Off on (Update1) Spherix, Equitable IP are planning 10 enforcement actions involving Nortel and other patents by May 1

(Update2) ARC Acquisition and Uniloc Luxembourg make unsolicited $189M offer for Acacia

ARC Acquisition Co. LLC and its affiliate Uniloc Luxembourg S.A. said they made an unsolicited offer of $189 million or $3.72 a share, for Acacia Research Corp. (ACTG), the patent licensing company that took $105 million in impairment charges in the fourth quarter due to an adverse court ruling. Plano, Texas-based ARC and Uniloc said [...]

By | March 14th, 2016|Patent Investing|Comments Off on (Update2) ARC Acquisition and Uniloc Luxembourg make unsolicited $189M offer for Acacia

(Update1) Crossroads rides $2.67M in other income to narrower first fiscal quarter loss

Crossroads Systems Inc. (CRDS), the patent monetization company run by CEO Richard Coleman Jr., said it posted a narrower net loss in the first fiscal quarter of 2016 as $2.67 million in other income made up for lower revenue and higher expenses. Austin, Texas-based Crossroads said its net loss in the quarter ended Jan. 31, [...]

By | March 10th, 2016|Patent Investing|Comments Off on (Update1) Crossroads rides $2.67M in other income to narrower first fiscal quarter loss