Fintech patent trolls can’t be allowed to win
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.
Good citizenship: Don’t just stop your PAE attacks, work together to stop them all
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.
How to win the battle against patent trolls
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 […]
Practical Tips For Combating Patent Trolls In 2016
“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.”
Companies Can Inoculate Themselves Against Patent Trolls Through Their Supply Chain
“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 […]
IP Threats and Collaboration in the Auto Industry
“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.”
How Tech Can Shut Down Patent Trolls
“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 […]
LOT Network Demonstrates Rapid Growth of Community In Battle Against Patent Trolls
BEAVERTON, Ore.–(BUSINESS WIRE)–LOT Network announced today that its community, which protects many of the world’s leading businesses including Dropbox, Khan Academy, Ford, GitHub, JP Morgan Chase, Mazda, Uber, Asana, and many start-ups […]
Tech, auto companies join forces to thwart patent trolls
“This solves a very real problem at a low cost,” said Ramsey Homsany, general counsel of Dropbox, one of LOT’s founding companies. “It doesn’t matter how big or small your company is, at some point you […]
MarineTraffic joins LOT Network to safeguard intellectual assets
MarineTraffic, the world’s most trusted AIS vessel tracking service has joined the Licence on Transfer (LOT) Network.
The LOT Network was formed to promote innovation by reducing the risk of litigation from Patent Assertion Entities (PAEs), also known as Patent Trolls. The LOT Network […]
How GCs Can Become Heroes In The War Against Patent Trolls
“It’s difficult to predict which companies will fail, sell patents to a troll, or exactly when you might be a PAE target,” said Michael Cunningham, Executive Vice President and General Counsel of Red Hat, Inc. “By reducing the […]
Patent lawsuit hits Atlassian prior to IPO
“… patent trolls cost the U.S. economy more than US$80 billion a year. And Spangenberg has certainly gotten his fair share of that money in his pursuits. But the LOT Network could put a stop to that over time.”