US Authorities against Patent TrollsAdded: Saturday, July 20th, 2013
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American patent trolls are nervous after the Federal Trade Commission claimed it would start an investigation into their antics. Media reports confirm that the head of FTC, Edith Ramirez, is going to an open season on trolls, because the concerns are in the breed of troll that engages in various aggressive litigation tactics – for instance, they hide behind shell companies while suing.
Although Edith Ramirez didn’t name names, industry experts believe that her description sounds rather like Intellectual Ventures, co-founded by the former chief technology officer at Microsoft, and known for buying 70,000 patents and related assets within the last decade.
In 2013 alone, Intellectual Ventures filed 14 lawsuits and keeps expanding its battles against banks, which the company says infringed on patents relating to data encryption techniques, firewall protection systems or digital imaging. According to Robin Feldman, a professor at the University of California Hastings College of the Law, while the copyright trolls were flat out, there were new developments coming out of this interesting level of activity. He pointed out that all they were doing was taxing current products and companies and most of the money changing hands wasn’t flowing back to initial inventors.
At the moment, the White House wonders whether patent trolls infringe antitrust law or fair competition regulations. As a result, President Barak Obama has ordered the Patent and Trademark Office and other organizations to heighten disclosure of who owns a patent and to do something to eliminate unwarranted patent lawsuits.
Finally, the thing that worries the FTC is privateering – that’s when a company sells a patent to a troll company to enable it to sue the original owner's competitors. Edith Ramirez explained that this would allow organizations to exploit the lack of transparency in patent ownership in order to win a tactical advantage which couldn’t be gained with a direct attack.
July 20th,2013Posted by:
Saturday, July 20th, 2013
|posted by (2013-07-24 15:07:04)|
|How come humans invented things before there where patents and intellectual property? The concept itself may be trolling by design. It obviously makes a lot of big Trolls very rich and a lot of products very expensive.|
|posted by (2013-07-24 19:03:34)|
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