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
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
10 hours ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
11 hours ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
11 hours ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
12 hours ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
13 hours ago