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

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

Google and other tech giants unveil the High Tech Inventors Alliance to work toward a “balanced” U.S. patent system

Adobe, Amazon, Cisco, Dell, Google, Intel, Oracle and Salesforce, who invested $62.9 billion in research and development in 2016, collectively own more than 115,000 patents and employ more than 447,000 in the U.S, have joined together to form the High Tech Inventors Alliance (HTIA), dedicated to supporting “balanced patent policy.” The alliance’s focus on a balanced patent system [...]

Crossroads seeks rehearing of ex parte re-exam at PTAB and Federal Circuit rulings cancelling patents in IPRs

Crossroads Systems (CRDS), the patent licensing company run by CEO Richard Coleman Jr., said it has asked the U.S. Patent and Trademark Office to reconsider its rejection of claims of U.S. Patent No. 7,897,311 in an ex parte reexamination proceeding. The Austin, Texas-based company said in a filing with the Securities and Exchange Commission that [...]

By | July 10th, 2017|litigation, Patent Investing, PTAB, USPTO|0 Comments

Dean Becker tries to use failed IPR filed by Unified Patents to gin up interest in for Sisvel patent that’s for sale

Patent broker Ocean Tomo’s Board of Advisors Vice Chairman Dean Becker is using a failed inter partes review (IPR) challenge of a patent owned by Societa Italiana Per Lo Sviluppo dell’Elettronica S.p.A. (SISVEL), filed by Unified Patents as evidence of the validity and value of a patent he is trying to sell. The former chairman [...]

Senator Chris Coons’ STRONGER patent reform bill seen as antidote to anti-patent troll legislation

Sen. Chris Coons, a Democrat from Delaware, introduced new patent-owner friendly legislation designed to rebalance the U.S. patent system by restoring injunctive relief and getting rid of the gamesmanship in the inter partes review and post-grant review processes before the Patent Trial and Appeal Board. The new bill is called the Support Technology & Research [...]

By | June 22nd, 2017|Patent Investing, PTAB, Supreme Court, USPTO|0 Comments

U.S. Supreme Court is unlikely to find IPR process unconstitutional, patent market observers say

The U.S. Supreme Court is likely to uphold the constitutionality of the inter partes review (IPR) process in in Oil States v. Greene’s Energy Group despite what could be described as magical thinking by patent owners, patent market observers say. The high court took up only one of three questions presented by Oil States in [...]

By | June 14th, 2017|litigation, Patent Investing, PTAB, Supreme Court, USPTO|0 Comments

USPTO Associate Solicitor Matal elevated to acting director in wake of Lee’s abrupt resignation

U.S. Patent and Trademark Office Associate Solicitor Joseph Matal was elevated to perform the functions and duties of the Under Secretary of Commerce for Intellectual Property and Director of the USPTO, according to a statement by Commerce Secretary Wilbur Ross. The position is effective June 7 and follows the resignation of Michelle Lee. The statement [...]

By | June 7th, 2017|exec changes, Patent Investing, PTAB, USPTO|0 Comments

Michelle Lee’s abrupt resignation means USPTO may have to wait until Spring 2018 for a permanent replacement

The abrupt resignation of Michelle Lee as director of the U.S. Patent and Trademark Office means the agency is unlikely to get a permanent director until the spring of 2018, increasing uncertainty for patent owners who had been hoping President Trump would nominate a replacement more attuned to protecting intellectual property rights. The Trump administration [...]

Voip-Pal paints a David and Goliath patent struggle against Apple, AT&T and others in letter to PTAB’s Chief Judge and other policymakers

Dr. Thomas Sawyer, a Sandy, Utah-based patent investor who has served four different U.S. presidents including Richard Nixon, Gerald Ford, Ronald Reagan and George H.W. Bush, is convinced that the America Invents Act has done grievous harm to the U.S. patent market in general and in particular to Voip-Pal Inc. (VPLN), the patent licensing company [...]

By | May 25th, 2017|litigation, Patent Investing, PTAB|0 Comments