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Renew Deal

(81,869 posts)
Fri Feb 27, 2015, 06:49 PM Feb 2015

Patent trolls are on the run, but not vanquished yet

There's finally light at the end of the dark, troll-invested tunnel, and it isn't an oncoming train. Congress is likely to pass a bill that will take money out of the pockets of innovation-sucking patent trolls (aka "nonpracticing entities&quot despite opposition from lawyers, the pharmaceutical industry, and a few tech companies that hold large numbers of patents.

The Innovation Act isn't an ideal fix for the program patent system. "It's largely a measure to reform patent litigation, but it doesn't do enough to improve the quality of patents," says Daniel Nazer, an attorney with the Electronic Frontier Foundation, which would prefer to see software patents abolished.

But provisions in the proposed law, like one that will make trolls pay legal costs if their claims are rejected, will remove a good deal of the risk that smaller companies face when they decide to resist a spurious lawsuit.

There's no way to know if trolls are ramping up their activity in hopes of big paydays before the Innovation Act becomes law, but startups and others have been bombarded with ill-founded claims recently.
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http://www.infoworld.com/article/2889194/patents/patent-trolls-are-on-the-run-but-not-vanquished-yet.html

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Patent trolls are on the run, but not vanquished yet (Original Post) Renew Deal Feb 2015 OP
Ha!...I thought this was about the demise of some "Patently Obvious" Trolls right here on DU. nt pkdu Feb 2015 #1
So did I.` hifiguy Feb 2015 #2
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