2 ms·
It seems like there needs to be a litigation insurance aspect to this as well. A policy which would cover the costs of just the lawyers, not the costs of any s
by GregBuchholz 14y ago
It seems like there needs to be a litigation insurance aspect to this as well. A policy which would cover the costs of just the lawyers, not the costs of any settlements or judgement awards. How much would the premium be for a policy that offers $100,000 of protection with a $5,000 deductible and a 10% copay? The first response letter would be free. The more specific the coverage, it would seem to make the premium. So this would be for patent infringment lawsuits only. And maybe the upper cap is increased to $200,000 for cases filed in East Texas.
Here are the benefits as I see when the troll come-a-calling:
- For those with the insurance: "Yay, we now have some breathing room, since we're lawyered-up, and most of it is paid for."
- For those with out the insurance. They'd still want to hire the "Anti-troll LLC" company for the litigation, since the trolls wouldn't know if the insurance policy was in effect, and would have to assume that they have a real fight on their hands.
- If "Anit-troll LLC" was popular enough, it would also seem to be a partial end-run around the NDA thing, since the same law firm is involved, and the same lawyers are involved in multiple cases.