5 ms·

All of the software patent trolls are pretty much going to be out of business in the next 12 - 18 months. It costs millions of dollars to run these operations,

All of the software patent trolls are pretty much going to be out of business in the next 12 - 18 months. It costs millions of dollars to run these operations, and most of them haven't been making any income for 2+ years now. All the smart trolls have moved on to trolling PTAB, and the dumb ones are just holding out hope that they either hit one last jackpot or else find some other way to monetize their portfolio.

devit 11y ago
What does "trolling PTAB" mean?
- tacon 11y ago
  >Scott McKeown has identified what he believes are some instances of parties not involved in a case of patent litigation using the inter partes review (IPR) procedure to squeeze money out of patent owners who’ve won court cases but haven’t yet received a check. Since IPRs are conducted by the Patent Trial and Appeal Board (PTAB) you could call these operators “PTAB Trolls.” [1]http://www.ipnav.com/blog/ptab-trolls-going-after-patent-owners/ http://www.ipnav.com/blog/ptab-trolls-going-after-patent-own...
  - devit 11y ago
    If patent trolls are moving to this, it seems to be a great development for society, since it makes patent trolling itself by both NPEs and PEs less profitable or unprofitable. The legal system still seem to be broken, because it should offer a large reward to the "PTAB troll" to be paid by the patent owner so that instead of settling they would go through and invalidate the patent, while still getting money from the patent owner, who would also lose the money from the (non-)infringer.
kanzure 11y ago
> All of the software patent trolls are pretty much going to be out of business in the next 12 - 18 months Sounds like an opportunity to me. They might have existing licensing revenue and they are going to be wondering what to do if patent trolling ain't the name of their game anymore.
adebtlawyer 11y ago
> It costs millions of dollars to run these operations Are you sure? Litigation isn't always expensive if you're doing it in-house.
- throwawaykf05 11y ago
  Or even on contingency. That is, lawyers will do this for free and take cut of the payout, if any. The good thing about this model is that nobody wants to waste resources on a fruitless lawsuit, so they will only go ahead with cars that have more merit relatively.
- ww520 11y ago
  Lawyer fee is expensive. Discovery is expensive. Patent discovery can run from weeks to months of expert time. Those can quickly add up.
  - adebtlawyer 11y ago
    I said 'in-house.' That means lawyers on staff on salaries, not fees to outside counsel. Work costs money, sure, but I'm skeptical of 'millions of dollars.'
mtgx 11y ago
Seems Microsoft made the patent "deal" with Google just in time. Soon they wouldn't have had any leverage to "threaten" companies with patent lawsuits.
WildUtah 11y ago
"It costs millions of dollars to run these operations" It costs millions on the defense side. The plaintiffs don't have any documents to discover and the attorneys are usually the partners in the scam, so it's almost free to them. That's the whole point of trolling in East Texas: the court rules make it even more expensive to be a defendant and cheaper to be a plaintiff.

devit 11y ago

What does "trolling PTAB" mean?

tacon 11y ago
>Scott McKeown has identified what he believes are some instances of parties not involved in a case of patent litigation using the inter partes review (IPR) procedure to squeeze money out of patent owners who’ve won court cases but haven’t yet received a check. Since IPRs are conducted by the Patent Trial and Appeal Board (PTAB) you could call these operators “PTAB Trolls.” [1]http://www.ipnav.com/blog/ptab-trolls-going-after-patent-owners/ http://www.ipnav.com/blog/ptab-trolls-going-after-patent-own...
- devit 11y ago
  If patent trolls are moving to this, it seems to be a great development for society, since it makes patent trolling itself by both NPEs and PEs less profitable or unprofitable. The legal system still seem to be broken, because it should offer a large reward to the "PTAB troll" to be paid by the patent owner so that instead of settling they would go through and invalidate the patent, while still getting money from the patent owner, who would also lose the money from the (non-)infringer.

kanzure 11y ago

> All of the software patent trolls are pretty much going to be out of business in the next 12 - 18 months Sounds like an opportunity to me. They might have existing licensing revenue and they are going to be wondering what to do if patent trolling ain't the name of their game anymore.

adebtlawyer 11y ago

> It costs millions of dollars to run these operations Are you sure? Litigation isn't always expensive if you're doing it in-house.

throwawaykf05 11y ago
Or even on contingency. That is, lawyers will do this for free and take cut of the payout, if any. The good thing about this model is that nobody wants to waste resources on a fruitless lawsuit, so they will only go ahead with cars that have more merit relatively.
ww520 11y ago
Lawyer fee is expensive. Discovery is expensive. Patent discovery can run from weeks to months of expert time. Those can quickly add up.
- adebtlawyer 11y ago
  I said 'in-house.' That means lawyers on staff on salaries, not fees to outside counsel. Work costs money, sure, but I'm skeptical of 'millions of dollars.'

mtgx 11y ago

Seems Microsoft made the patent "deal" with Google just in time. Soon they wouldn't have had any leverage to "threaten" companies with patent lawsuits.

WildUtah 11y ago

"It costs millions of dollars to run these operations" It costs millions on the defense side. The plaintiffs don't have any documents to discover and the attorneys are usually the partners in the scam, so it's almost free to them. That's the whole point of trolling in East Texas: the court rules make it even more expensive to be a defendant and cheaper to be a plaintiff.