Allcare Health Management Systems, Apple, BloombergBusinessweek, Charlene Morrow, Cisco Systems, Facebook, Google, Greg Stohr, Intel, Octane Fitness, Patent Freedom, Patent Infringement, Patent Trolls, Silicon Valley, Susan Decker, U.S. Court of Appeals for the Federal Circuit, U.S. Supreme Court, Verizon, Yahoo
The Supreme Court Takes on Patent Trolls, by Greg Stohr and Susan Decker, Technology, BloombergBusinessweek
Apple (AAPL) and Google (GOOG) say they’re tired of being slapped with baseless patent suits that cost them millions in legal fees. Now they’re asking the U.S. Supreme Court to let them hit back. The two are leading a group of companies urging the court to make it easier for businesses to recover legal costs when they win a patent infringement suit. In two cases to be argued this month, the justices will hear them out.
More than 100,000 businesses were threatened in 2012 by ‘patent assertion entities.’ Often derided as patent trolls, these companies get most of their revenue from licensing patents and from suing other companies for infringement. They filed 19 percent of all patent lawsuits from 2007 to 2011, according to the Government Accountability Office. . . .