Friday, October 24, 2014

Apple after jury verdict: GPNE is nothing more than a “patent troll”

Bloomberg reported on Apple after a jury verdict against GPNE:

Kristin Huguet, a spokeswoman for Cupertino, California-based Apple, said in an e-mail after the verdict that GPNE is nothing more than a “patent troll” attempting to “extort money from Apple for 20-year-old pager patents that have expired, wasting time for everyone involved.”

“Patent troll” is an often-derisive term referring to firms that acquire patents for the purpose of demanding high royalties or winning settlements from established manufacturers. Such firms have been the target of intense lobbying in Washington by technology companies looking for the fastest and cheapest way to dispose of such cases.

Lex Machina, related to Mark Lemley, was referenced for a report on patent litigation:

Of the 6,092 patent-infringement suits filed nationwide, a 12 percent increase over the previous year, 10 companies -- all patent monetization entities or, more pejoratively labeled, patent trolls -— were responsible for almost 13 percent,


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