(Update1) Federal court upholds $502.6M award VirnetX won against Apple

VirnetX Holding Corp. (VHC), the patent licensing company run by CEO Kendall Larsen, said the final judgement of the U.S. District Court in Tyler, Texas upheld the $502.6 million jury verdict for VirnetX in the ongoing patent infringement action against Apple Inc. Zephyr Cove, Nevada-based VirnetX said in addition to affirming the award, the district [...]

By | August 31st, 2018|Federal Circuit, litigation, NPE, Patent Investing|0 Comments

iPEL CEO, Brian Yates, expects lessons from his Iris Connex defeat in the U.S. will drive patent enforcement wins in China

Brian Yates, the founder and CEO of iPEL, Inc., the self-described “Ethical Non-Practicing Entity,” asserts that it’s unfair for alleged infringers to describe him as a troll when it’s the infringers themselves who exhibit the real troll behavior. During the first decade of his legal career, Yates says it was common for him to be [...]

By | August 17th, 2018|NPE, Patent Investing|0 Comments

Jury awards WiLAN $145M in patent infringement dispute with Apple

A jury in the U.S. District Court in the Southern District of California awarded WilAN Inc., a unit of Quarterhill Inc. (QRTH) $145.1 million in damages in a patent infringement dispute with Apple Inc. Ottawa, Ontario-based WiLAN said the dispute involved infringement of WiLAN's U.S. patent Nos 8,457,145 and 8,537,757. The award is one of the [...]

(Update2) Jury awards IBM $82.5M in damages against Groupon in patent dispute

A jury in U.S. District Court in Wilmington, Delaware found that Group0n infringed four IBM Corp. web patents and awarded the computer giant damages of $82.5 million. The jury also found that Groupon's infringement of the four patents was willful, meaning that the judge could triple the damages awarded. The patents in suit were U.S. Patent [...]

By | July 27th, 2018|litigation, NPE, Patent Investing|0 Comments

The great shake out in patent monetization is coming in next 12 to 18 months

The patent licensing industry is experiencing a great shake out and is likely to shrink significantly over the next 12 to 18 months as companies looking for a new strategy to boost revenue and profits with little hope of success go out of business. That’s because patent values have been beaten down by the six [...]

By | July 27th, 2018|NPE, Patent Investing, Patent Reform, Patent sale|0 Comments

RPX study finds that juries favor plaintiffs 60% of the time nationally but only 50% of the time in Eastern District of Texas

A review of jury verdicts in patent infringement cases since 2013 revealed that nationally plaintiffs win 60% of the time, according to a study by RPX Corp., the patent aggregator and patent litigation loss control company. Among the three most active districts, the District of Delaware and the Northern District of California closely tracked the [...]

By | July 25th, 2018|litigation, NPE, Patent Investing|0 Comments

U.S. patent licensing companies are facing a dearth of leadership as CEOs retire or are ousted

The U.S. patent licensing business is experiencing a vacuum of leadership as a raft of chief executives, dispirited and exhausted from their Sysiphean efforts, quit for better opportunities or are forced out by bitterly disappointed boards and shareholders. In the past month, Rambus Inc. (RMBS) ousted its long time CEO Dr. Ron Black in a [...]

By | July 17th, 2018|exec changes, NPE, Patent Investing|0 Comments

(Update4) ‘Ethical’ NPE iPEL touts $100M in funding firepower but offers little that is new in patent licensing

iPEL Inc., the new patent monetization company run by CEO Brian Yates, said it has raised $100 million in initial capital in May 2017 and over its first year acquired more than 1,000 distinct patent families to enforce against infringers. Pasadena, California-based iPEL touts itself as an “ethical non-practicing entity” or NPE, a phrase it [...]

(Update3) Fortress and Uniloc have been quietly working together on patents since 2014

Fortress Investment Group, whose IP investing group is run by Eran Zur, has been quietly working with Uniloc Luxembourg SA and Uniloc USA on at least 10 enforcement actions since the two companies signed a revenue sharing and note and warrant purchase agreement on December 30, 2014. The business relationship was first revealed in filing [...]

By | June 21st, 2018|Financing, litigation, NPE, Patent Investing|0 Comments

Activists outline plan to overhaul Acacia in latest letter to shareholders ahead of annual meeting proxy vote

Activists Sidus Investment Management, run by Al Tobia Jr., and BLR Partners LP, run by Bradley Radoff, said they have a “sensible value creation platform” to overhaul Acacia Research Corp. (ACTG) and make it more accountable to shareholders. In a June 7 letter to shareholders, urging them to support Tobia’s and hedge fund manager Clifford [...]

By | June 7th, 2018|exec changes, NPE, Patent Investing|0 Comments