Tag Archives: patent trolls

And the Award for Patent Troll of the Year Goes to… Caltech?

January 6, 2022 Patent

About a decade ago, there was a huge uproar over ‘patent trolls,’ also known as ‘non-practicing entities’ – companies that did not make products but that owned patents.  The business model of the patent troll was to sue or threaten infringers and to collect patent infringement damages.  The coordinated attack on the U.S. patent system […]

The Half-Billion Dollar Family Business

March 11, 2021 Patent

VirnetX Holding Corporation is a 20-employee, publicly-traded (NYSE: VHC) corporation with a market capitalization of $505 million and with unusual family compensation.  VirnetX owns 190 patents for some of the key technologies of the last fifteen years, including technologies used for Skype, iMessage, FaceTime and virtual private networks. VirnetX is in the business of licensing those patent […]

Death of a Poster Child

March 2, 2017 Patent

A poster child for patent trolls, that is.  MPHJ Technology gained notoriety and the ire of states, the Federal Trade Commission and Congress by buying several weak patents for $1 in 2012 and then sending out over 16,000 demand letters to businesses across the U.S. demanding payment for alleged infringement.  The patents relate to scan-to-email […]

What’s So “Efficient” About Patent Infringement?

October 20, 2015 Patent

In a recent editorial in the New York Times, Joe Nocera discussed “patent trolls” and the concept of efficient infringement of patent rights.  Briefly, this idea is that large companies just ignore patents completely, taking a “so sue me” attitude, knowing that they have legions of lawyers who can wear down patent owners, and that […]

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