Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
'Patent troll' study OK'd by OMB
WASHINGTON (8/18/14)--The White House's Office of Management and Budget approved Friday the Federal Trade Commission request to launch a two-part study on "patent trolls."
 
The FTC study will request information from patent assertion entities, manufacturers and others. It will focus both on reviewing general patent troll activity and comparing trolls' enforcement efforts to that of manufacturers and other nonpracticing entities in the wireless chipset industry ( Law360 Aug. 15).
 
The investigation will look at how patent assertion entities organize their corporate legal structure, what types of patents they hold, and how they acquire patents and generate revenue. It also will examine how the companies engage in licensing demands and litigation, what patent assertion costs the companies face and how much money they earn from their activities.
 
The Credit Union National Association has been a longtime advocate of meaningful patent reform. In July, the trade association submitted a joint letter supporting the Targeting Rogue and Opaque Letters Act that passed the House subcommittee on commerce, manufacturing and trade ( News Now July 14).
 
"Financial institutions of every size have been targeted by Patent Assertion Entities, often referred to as patent trolls, who in most cases assert patents of dubious quality through vaguely worded demand letters or intentionally vague complaints," the letter reads. "Indeed, patent trolls' recent focus on credit unions and community banks threatens to pose additional, unwarranted costs on lenders and the communities they serve."


RSS





print
News Now LiveWire
.@TinkerFCU has been recognized with the Juntos Avanzamos designation from the @Cornerstone_CUL for serving its local Hispanic community
6 minutes ago
.@HeritageFCU's CEO Ruth Jenkins spreads #StoptheDataBreaches message via @WEHTWTVWlocal http://t.co/mlccWppLCH
1 hours ago
#NewsNow: @TheNCUA's McWatters outlines 11 enhancements for budget transparency. http://t.co/TWMAqYgIJZ
1 hours ago
#NewsNow It's all about the bird for CU charity at Thanksgiving http://t.co/fqDmmQT0ba
2 hours ago
League-supported fin. lit bill among 1st filed for Fla. session http://t.co/912RnLcVIU
3 hours ago