Press releases and news
LOT Network Sees Membership Surge Among Medtech Companies, With 16 Medtechs Already Joined in 2024 and 4 in the Fortune 500
Largest patent protection network in the world provides immunization from PAE litigation to 4,500+ members
Medical technology companies are among the latest slew of companies looking to protect themselves against costly litigation from patent assertion entities (PAEs). In 2024 alone, 16 new medtech members have joined as of October, adding to a roster […]
Broadcom-VMWare withdrawal from LOT Network triggers membership spike
LOT Network has seen a spike in membership because Broadcom initiated it will withdraw VMWare, which it recently bought, from the defensive patent organisation. LOT Network CEO Ken Seddon says he believes Broadcom, which has an active patent monetisation programme, intends to monetise some of VMWare’s 11,000 patent assets.
“They have now got 11,000 more patents […]
Midjourney Joins World’s Largest Patent Licensing Platform LOT Network with Meta Patent Transfer
Today, Midjourney announced that it has joined LOT Network, the world’s largest patent licensing platform. LOT Network is a collaborative initiative that seeks to protect the innovation ecosystem against abusive litigation from patent assertion entities (PAEs, sometimes referred to as “patent trolls”). LOT Network members […]
OneTrust Joins LOT Network in Major Step to Promote and Protect Open Innovation
OneTrust, the market-defining leader for trust intelligence, today announced that it has joined LOT Network, the international, non-profit community of companies working together to protect themselves against litigation brought on by patent assertion entities (PAEs, also known as “patent trolls”). OneTrust joining the LOT (License on Transfer) […]
Electrolux Group Joins LOT Network To Strengthen Patent Strategy & Deter Litigation
Membership will protect Electrolux Group against costly litigations from patent assertion entities, reinforcing the company’s purpose to encourage innovation and design to ‘shape living for the better.’
Electrolux Group announced it has joined LOT Network, the world’s largest patent licensing platform and […]
Ceres Joins LOT Network To Strengthen Patent Strategy & Deter Litigation
Ceres Power Holdings plc (CWR.L), announces that it has joined LOT Network, the world’s largest patent licensing platform and non-profit community of global companies committed to protecting themselves against costly litigation from patent assertionentities (PAEs).
PAEs, sometimes referred to as “patent trolls”, are […]
Matterport Joins LOT Network To Strengthen Patent Strategy & Deter Litigation
Matterport, Inc. (Nasdaq: MTTR), today announced it has joined LOT Network, the world’s largest patent licensing platform and non-profit community of global companies committed to protecting themselves against costly litigation from patent assertion entities (PAEs).
PAEs, also sometimes known as “patent trolls”, are […]
Gannett Joins LOT Network to Protect Digital Asset Products from Patent Litigation
Gannett Co., Inc. (NYSE: GCI) today announced joining LOT Network, the largest patent licensing platform and non-profit community of global companies working to protect its members against litigation brought on by patent assertion entities (PAEs). The LOT Network community is committed to safeguarding […]
Demonstrating a Commitment to Innovation, Creativity, and Fair Play, Roblox Joins LOT Network
LOT Network is a highly effective organizational deterrent against PAE litigation
PHOENIX, December 8, 2023 /PRESS RELEASE/ — LOT Network, the world’s largest patent licensing platform, announced today that Roblox has joined its non-profit community of global companies committed to protecting themselves against costly litigation from patent assertion entities (PAEs). PAEs are […]
The anatomy of a patent litigation target
Intellectual property (IP) protection can be a vital part of a company’s journey from young upstart to billion-dollar behemoth, safeguarding all its technologists’ hard work while adding to the company’s value for investors or would-be acquirers.
But as we’ve seen countless times […]
Patently messy: How a $6B deal may spur more IP lawsuits
A megabucks enterprise acquisition that closed six months ago could lead to thousands of patents landing on the open market.
Last August, Canadian enterprise technology giant OpenText announced plans to acquire U.K.-based IT software vendor and consultancy Micro Focus for a chunky […]
Shopify vs. Patent Trolls: Defending Entrepreneurs and Innovation
At Shopify, we prioritize choosing the right path over the easy one. Our merchants face this decision every day as they work to run successful businesses. But this concept applies in the judicial system too, and against an unscrupulous opponent: patent […]
New Report Reaffirms Danger Patent Trolls Pose to Manufacturers, Small Businesses
People whose business models are threatened by strong post-grant review and improved patent quality continue to assert that non-practicing entities (NPEs) and the patent troll narrative is a myth or a fabrication of big tech companies. And yet, a new report […]
LOT Network provides startups with protection against patent trolls
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Pre-IPO companies and startups in earlier financing cycles need their due diligence to go smoothly.
No surprise, then, that a recent study has found that while patent litigation initiated by operating companies has declined in recent years, suits initiated by non-practising […]
The brokered patent market in 2022
The patent market is growing a lot as the economic downturn places more assets for sale.
Companies are exiting markets and their assets are being listed: for example, GoPro Inc is selling its drone portfolio and Intel Corp is selling its wireless […]
Daikin Joins LOT Network to Protect its Products, Innovation, and Entire Ecosystem from Unnecessary Patent Litigation
Daikin, the global leader in heating, ventilation, air conditioning, cooling and refrigeration (HVAC&R) products is heating up its patent strategy with membership in the world’s largest patent community. The company’s membership in LOT freezes any attempts by patent trolls […]
Research finds companies just pre- and post-IPO are at highest risk of being targeted by a non-practicing entity lawsuit
A HighTech-Solutions (HTS) study, commissioned by the international, non-profit patent licensing platform LOT Network, analyzed the 6,161 lawsuits filed by non-practicing entities (NPEs) from 2017 through 2022. The analysis identified several key findings.
First, the study found that companies who are preparing […]
Going public? Beware NPEs
US companies that go public are at a greater risk of being targeted by non-practising entities and should consider defensive strategies, according to counsel.
Sources say savvy NPEs are increasingly targeting smaller companies that they believe they can exert leverage over. The […]
Patent trolls often target smaller companies, study finds
Large companies such as Samsung, Google, Apple and Amazon are the most frequent targets of patent litigation.
But a new report highlights how smaller companies have also become fairly common targets of patent lawsuits filed by non-practicing entities (NPEs), which are also sometimes called […]
Research Finds Companies Just Pre- and Post-IPO are at Highest Risk of Being Targeted by a Non-Practicing Entity Lawsuit
Research Finds Companies Just Pre- and Post-IPO are at Highest Risk of Being Targeted by a Non-Practicing Entity Lawsuit
Nearly 40% of companies litigated were within two years of announcing their IPO; 52% of companies sued had less […]
