University of Minnesota files enforcement action against Gilead Sciences over antiviral drug

Regents of the University of Minnesota have filed an enforcement action against Gilead Sciences Inc., alleging direct and indirect infringement of a patent related to the drug sofosbuvir, a treatment for hepatitis C virus, under the brand names Sovaldi, Harvioni and Epclusa. The action filed in U.S. District Court in Minneapolis alleges Gilead’s sale of [...]

By | August 30th, 2016|Patent Investing|Comments Off on University of Minnesota files enforcement action against Gilead Sciences over antiviral drug

NPE Imperium awarded $20.9M in enhanced damages against Samsung for willful infringement

A judge in the U.S. District Court in the Eastern District of Texas ordered Samsung Electronic Co. Ltd. and affiliates to pay $20.9 million in damages to Imperium IP Holdings (Cayman) Ltd., a non practicing entity, after approving a near tripling the original $6.97 million jury award because of a finding of willful infringement. The [...]

By | August 25th, 2016|Patent Investing|Comments Off on NPE Imperium awarded $20.9M in enhanced damages against Samsung for willful infringement

Erich Spangenberg leads Marathon Patent Group’s ‘transformational’ focus on China

Erich Spangenberg, the founder and owner of IP Navigation Group, who owns a 16.3% stake in Marathon Patent Group Inc. (MARA), is betting that with no end in sight to the three-year depression in the U.S. patent market, the best returns for Marathon’s patent enforcement business in the future will be found in China. Spangenberg [...]

By | August 25th, 2016|China, Patent Investing|Comments Off on Erich Spangenberg leads Marathon Patent Group’s ‘transformational’ focus on China

Fortress provides flexibility to Inventergy in return for 7-year warrant to purchase a million shares

Private equity giant Fortress Investment Group agreed to amend for a fourth time its $11 million debt and revenue share agreement with Inventergy Global Inc. (INVT), giving the struggling patent licensing company more time to execute on its strategy of enforcing patents and signing commercialization agreements with startups. Campbell, California-based said on Thursday, Aug. 25 [...]

By | August 25th, 2016|Patent Investing|Comments Off on Fortress provides flexibility to Inventergy in return for 7-year warrant to purchase a million shares

ParkerVision’s board awards CEO, two other execs restricted stock units following Samsung settlement

ParkerVision Corp. (PRKR), the patent licensing company run by CEO Jeffrey Parker, said on Monday Aug. 22 its board awarded Parker and two other senior executives restricted stock units based on industry peer group assessments and the lack of any equity awards for executives since 2012. Jacksonville, Florida-based ParkerVision said the board awarded Parker 80,000 [...]

By | August 24th, 2016|Patent Investing|Comments Off on ParkerVision’s board awards CEO, two other execs restricted stock units following Samsung settlement

NPE High Frequency Trading switches counsel to enforce against MarketAxess after using the Devlin Law Firm in three cases

High Frequency Trading Systems LLC, a non-practicing entity controlled by Erik Stamell, a managing partner of business lenders Credibly and Retail Capital LLC, switched to new counsel on its latest enforcement action against MarketAxess LLC for infringement of a patent related to rebrokering orders on trading systems. Allen, Texas-based High Frequency hired the law firm [...]

By | August 24th, 2016|Patent Investing, Patent Trolling|Comments Off on NPE High Frequency Trading switches counsel to enforce against MarketAxess after using the Devlin Law Firm in three cases

(Update3) Acacia to spend $50M to fund cloud-based artificial intelligence analytics firm Veritone

Acacia Research Corp. (ACTG), the patent licensing company run by Executive Chairman Louis Graziadio, is providing up to $50 million in funding to Veritone Inc., a provider of cloud-based Artificial Intelligence media technology. Newport Beach, Calif.-based Acacia will provide $20 million in initial working capital through a convertible investment, the terms of which were not [...]

By | August 23rd, 2016|Patent Investing|Comments Off on (Update3) Acacia to spend $50M to fund cloud-based artificial intelligence analytics firm Veritone

VirnetX motion for reconsideration of new Apple trial order seen as preserving issues for appeal

VirnetX Holding Corp. (VHC), the patent licensing company that last month saw a $625.6 million jury award against Apple Inc. (APPL) vacated by a federal court judge in Tyler, Texas filed a motion for reconsideration that patent market observers described as a long shot and and as a way to preserve certain issues for appeal. [...]

By | August 12th, 2016|Patent Investing|Comments Off on VirnetX motion for reconsideration of new Apple trial order seen as preserving issues for appeal

Yahoo!, Blackberry and Cantor are latest to be hit with ‘patent troll’ epithet by critics and media

A rich history of innovation and billions of dollars spent on developing technology and protecting it from patents can't immunize Yahoo! Inc. (YHOO), Blackberry Ltd.(BBRY) and Cantor Fitzgerald from being called a patent troll as they look to monetize their portfolios. Sunnyvale, California-based Yahoo! is trying to sell its portfolio of 4,000 non-core patents for [...]

By | August 11th, 2016|Patent Investing, Patent Trolling|Comments Off on Yahoo!, Blackberry and Cantor are latest to be hit with ‘patent troll’ epithet by critics and media

VirnetX posts narrower loss on comparison to year ago quarter which included $4.24M royalty expense

VirnetX Holding Corp. (VHC), the patent licensing company that saw a $625.6 million award against Apple Inc. tossed by a federal court, said its second quarter 2016 net loss narrowed 44% from the year ago period which included a $4.24 million royalty expense. The Zephyr Cove, Nevada-based company run by CEO Kendall Larsen said its [...]

By | August 9th, 2016|Patent Investing|Comments Off on VirnetX posts narrower loss on comparison to year ago quarter which included $4.24M royalty expense