Big banks and credit card companies, looking to protect their investments in innovation, have accelerated efforts to patent methods linked to key technologies. Since 2013 large financial institutions have applied for at least 2,679 patents in hot areas […]
Global financial services have become a persistently attractive sector for innovators. But on the flip side, unfortunately, fintech startups find themselves particularly vulnerable to patent abusers.
Uniting with other tech companies can make fighting a PAE possible in the first place and enable a defendant to wage a more effective fight.
2015 was one of the worst years on record for patent troll lawsuits.
Most of the lawsuits that snagged headlines involved tech titans – Apple, Google, Microsoft, Facebook, Amazon – but small and medium sized businesses (SMBs) were far […]
“There are a number of non-profit and for-profit organizations, such as the LOT Network, Symmetry and Unified Patents that help businesses on how to protect, defend, and even go on the offensive against trolls.”
“If a supplier participates in LOT Network, it shows that they’re concerned about the patent troll problem and are committed to working against it. It elevates the level of trust we have with that supplier and reduces […]
“Our company is a member of LOT Network…Community cooperation has benefits for automakers and suppliers alike. Reducing what we spend on PAE litigation means that we can put those funds toward innovation.”
“As of November 2015, LOT Network covers over 327,000 patent assets, including over 99,000 U.S. issued patents and applications. LOT members now have a permanent solution if any of those assets fall into the hands of a […]
Korea will need more than litigation risk reduction to put its IP rights balance firmly in the black
“Joining in with initiatives such as LOT may reduce some of the risk associated with NPEs and other aggressive licensors.”
“Conversely, patent trolls will not want to waste their resources going head-to-head with a warrior. Take Lee Cheng at Newegg, a lawyer who has earned a fierce reputation for fighting patent assertion claims to the death in […]