RPX says chief revenue and strategy execs are leaving as part of reorganization of executive ranks

RPX Corp. (RPXC), the patent aggregator and provider of litigation loss control services run by CEO Martin Roberts, said its Chief Revenue Officer Steve Swank and Chief Strategy Officer Robert Heath, are leaving. San Francisco-based RPX said the departures are part of a new strategic direction the company has outlined since Roberts took over from [...]

By | December 14th, 2017|exec changes, Patent Investing|0 Comments

RPX is unlikely to fetch $800M price tag cited by IAM report given state of its business and IP market

RPX Corp. (RPXC), the patent aggregator and litigation loss control specialist run by CEO Martin Roberts, is likely to fetch much less than the $800 million, or $16.25 a share offer IAM magazine reported RPX received from a consortium, according to people familiar with its business. That's because San Francisco-based RPX's business has been hurt [...]

By | December 13th, 2017|Patent Investing, Uncategorized|0 Comments

Immersion needs new CEO to run aggressive enforcement campaigns against Apple and others

Immersion Corp. (IMMR), the haptic or sense of touch technology and patent licensing company that is pursuing aggressive enforcement actions against Apple Inc. (AAPL) and other large technology companies, needs to find a new CEO and probably needs to raise new capital if it’s to have the wherewithal to withstand Apple’s withering IPR attack on [...]

By | December 12th, 2017|exec changes, Financing, litigation, Patent Investing|0 Comments

Marathon Patent Group raise $5M in registered direct offering after 4-for-1 stock swap

Marathon Patent Group Inc. (MARA), the IP licensing and management company that is reverse merging with Global Bit Ventures, a crypto currency data mining company, said it raised $5 million from a registered direct offering of one million shares of common stock to be used for working capital and general corporate purposes. Los Angeles-based Marathon, [...]

By | December 11th, 2017|Financing, Patent Investing|0 Comments

Apple IPR petition against MEC Resources patent focuses on prior art, ignores tribal sovereign immunity

A petition for inter partes review filed by Apple Inc. (AAPL) of a patent owned by MEC Resources LLC, owned by three affiliated Native American tribes, didn’t take on the issue of tribal sovereign immunity, which has been used to shield patents from such reviews. Cupertino, California-based Apple filed IPR2018-00286 on Dec. 8 seeking to [...]

By | December 11th, 2017|litigation, Patent Investing, PTAB|0 Comments

DSS files third enforcement action involving LED patents against Japan’s Nichia Corp

Document Security Systems, the patent licensing company run by CEO Jeff Ronaldi, filed an enforcement action against Japan’s Nichia Corp. and Nichia America in U.S. District Court in Los Angeles, alleging infringement of light emitting diode patents DSS acquired from Intellectual Discovery Co. Ltd. of South Korea for $9 million. The acquisition was made possible by Juridica Asset [...]

By | December 8th, 2017|Asia, Korea, litigation, Patent Investing|0 Comments

New President of Altaba’s Excalibur IP says it may ramp up enforcement actions to spur interest in syndicated deal

Paul Reidy, the new president of Excalibur IP LLC, the patent portfolio owned by the investment company Altaba Inc. (AABA), said a credible and aggressive enforcement program may be the key to getting fair value for the former Yahoo!’s 3,000 plus patents. Reidy joined Altaba's Excalibur last week after being recruited by Altaba General Counsel [...]

By | December 7th, 2017|exec changes, Patent Investing|0 Comments

Finjan files enforcement action against Zscaler after being rebuffed for more than a year

Finjan Holdings Inc. (FNJN), the cybersecurity and patent licensing company run by CEO Phil Hartstein, said it filed an enforcement action against Zscaler Inc. in U.S. District Court in San Francisco, citing infringement of four cybersecurity patents, East Palo Alto, California-based Finjan said it filed the suit after more than a year of good faith [...]

By | December 7th, 2017|litigation, Patent Investing|0 Comments

Ex RPX senior vp Paul Reidy is named president of Altaba’s Excalibur IP LLC

Paul Reidy, a former senior vice president at RPX Corp. (RPXC), was named president of Excalibur LLC, a unit of Altaba Inc., formerly known as Yahoo! Reidy joined Excalibur last month and is currently based in Austin, Texas. He had been at San Francisco-based RPX for six years from March 2010 to March 2016. He [...]

By | December 5th, 2017|exec changes, Patent Investing|0 Comments

Qualcomm urges shareholders to reject slate of directors to be nominated by Broadcom

Qualcomm Inc. (QCOM), the technology licensing company run by CEO Steve Mollenkopf, said a slate of directors nominated by Broadcom Ltd. should be rejected as “inherently conflicted” given the Qualcomm board’s unanimous rejection of Broadcom’s unsolicited $130 billion takeover offer. San Diego-based Qualcomm said Broadcom and its backers at Silver Lake are effectively asking stockholders [...]

By | December 5th, 2017|Asia, Patent Investing|0 Comments