VirnetX says standstill agreement reached with HTC may lead to licensing agreement

VirnetX Holding Corp. (VHC), the an Internet security software and technology licensing company run by CEO Kendall Larsen, said it hopes to reach a licensing agreement with HTC Corp. without the need for litigation, after the two sides reached a standstill agreement brokered by IP Value Management. Zephyr Cove, Nevada-based VirnetX is trying to buck the [...]

By | August 21st, 2017|Asia, licensing agreement, Patent Investing|0 Comments

Fortress is hoping to succeed in patent monetization where the NPEs it’s foreclosed upon have failed

2017 may go down in U.S. intellectual property market history as the year in which Fortress Investment Group (FIG) officially and grudgingly became a patent monetizer, often referred to as a non-practicing entity (NPE) and scurrilously as a so-called patent troll. That’s because the New York-based private equity firm, whose intellectual property investing unit has [...]

By | August 18th, 2017|Financing, Patent Investing, Patent Trolling, PTAB|0 Comments

Spherix shares soar as much as 40% on paid stock promotion touting its patents and investment in Hoth Therapeutics

Shares of Spherix Inc. (SPEX), the patent licensing company run by CEO Anthony Hayes, soared as much as 40% on Thursday Aug. 17 after a paid stock promotion sent out by Small Cap Street LLC, which highlighted the value of its 400 patents and the potential of its investment in Hoth Therapeutics. “A good portion [...]

By | August 17th, 2017|Patent Investing, Patent Trolling|0 Comments

Finjan sues Bitdefender and affiliate for infringing four U.S. cyber security patents

Finjan Holdings Inc. (FNJN), the cybersecurity technology and licensing company run by CEO Phil Hartstein, said its subsidiary Finjan Inc. has filed a patent infringement lawsuit against Bitdefender, Inc., a Florida company, and its parent Bitdefender S.R.L., a Romanian corporation. East Palo Alto, California based Finjan said the complaint filed in U.S. District Court in [...]

By | August 17th, 2017|litigation, Patent Investing|0 Comments

Network-1 reaches settlement and licensing deal with Axis Communications

Network-1 Technologies Inc. (NTIP), the patent licensing company run by CEO Corey Horowitz, said it agreed to settle its patent litigation against Axis Communications Inc. and affiliated entities, though it didn't disclose the terms. New York-based Network-1 filed the action against Axis Communications and affiliates in the U.S. District Court in Tyler, Texas, for infringement [...]

By | August 16th, 2017|licensing agreement, litigation, Patent Investing|0 Comments

Google’s Deputy General Counsel in charge of patent litigation Allen Lo is joining Facebook

Allen Lo, the deputy general counsel, patents and patent litigation at Alphabet Inc.'s Google Inc., has joined Facebook Inc. (FB) as vice president, deputy general counsel, and head of intellectual property. Lo couldn't be reached for comment. Officials from Palo Alto, California-based Facebook said he will lead the company's intellectual property team. Lo has been [...]

By | August 15th, 2017|exec changes, Patent Investing|0 Comments

Crossroads files prepackaged bankruptcy plan after plan to repay debt falters and key patents were cancelled by PTAB

Crossroads Systems Inc. (CRDS), the patent licensing company run by CEO Richard Coleman Jr., on Monday, August 14 said it filed for bankruptcy and a prepackaged Chapter 11 plan of reorganization. The Austin, Texas-based company, which has struggled ever since its key patents were invalidated by the Patent Trial and Appeal Board, said its reorganization [...]

By | August 15th, 2017|Patent Investing, PTAB|0 Comments

Network-1 Technologies says second quarter profit fell compared with stellar results a year ago

Network-1 Technologies (NTIP), the patent licensing company run by CEO Corey Horowitz, said its second quarter net income plunged to $1.54 million, or 6 cents a share, as revenue compared unfavorably to the year ago quarter, which included a $17.5 million one-time payment and the settlement of a professional liability insurance claim. The New York-based [...]

By | August 15th, 2017|earnings, Patent Investing|0 Comments

Marathon Patent Group to raise up to $5.5M in offering of convertible notes and warrants

Marathon Patent Group Inc. (MARA), the patent licensing company that transferred three patent portfolios to a special purpose vehicle owned by a unit of Fortress Investment Group to pay back $16 million in debt, said it has entered into an agreement with investors to raise between $3.5 million and $5.5 million, of convertible debt financing [...]

By | August 15th, 2017|Financing, Patent Investing|0 Comments

(Update1) ParkerVision posts narrower loss as cost cutting offsets increased spending on consumer WI-FI product

ParkerVision Inc. (PRKR), the patent licensing company run by CEO Jeffrey Parker, posted a narrower second quarter net loss of $3.7 million, or 21 cents a share, as higher spending on research and development for its new Milo consumer WI-FI product was offset by lower expenses. Jacksonville, Florida-based ParkerVision's loss compared with a loss of [...]

By | August 14th, 2017|earnings, Patent Investing, Product|0 Comments