As seen in IndustryWeek’s “Technology: Taking the Patent War to the Trolls”
IndustryWeek discusses recent moves in Washington to address the significant challenges posed to industry and innovation due to non-practicing entities, known as “patent trolls,” which file lawsuits challenging patent ownership.
According to Stephen Holmes, litigation partner at Kaye Scholer LLP, "it’s really a form of legal extortion. Patent trolls haven't done anything to justify what they're seeking to protect. Essentially they're looking to force companies to pay up rather than fight the accusations of patent infringement."
“When this kind of pressure is applied to manufacturing start-ups with much shallower pockets, which is increasingly the case, the troll industry has the potential to totally derail the future of manufacturing technology,” Holmes explains, adding that “It is a system screaming for reform.”
"Improving the quality of the patent office and the decisions made there will help everybody," Holmes concludes. "But you don't change the patent office overnight. You have to make sure you don't inhibit legitimate invention in the process. It's a fine line the government will have to walk, and one that will define the future.”
Also of Interest
- Benchmark Litigation Recognizes Kaye Scholer Practices and Partners Nationwide October 24, 2016 • Recognitions
- What’s Really Remarkable about the Appeals Court Ruling on the CFPB October 20, 2016 • Articles
- Maier Plans Emergency Response with Fort Meade and Fort Detrick Commanders October 20, 2016 • Client Successes
- Winning the War: Strategies for Prevailing in Consumer Fraud and False Advertising... October 17, 2016 • Articles
- Kaye Scholer Clients Achieve Nearly Full Recovery in Arch Coal Chapter 11 Proceeding October 14, 2016 • Client Successes
- 3D Printing: New Legal Issues Emerge with the Technology’s Revolutionary Potential October 10, 2016 • Articles
- Consumer Products in the Age of Big Data October 4, 2016 • Articles
- Antitrust Jurisprudence in the Second Circuit October 1, 2016 • Articles
- And Now A Word From The Panel: 3 Alternatives To MDLs September 28, 2016 • Articles