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Patents United States Your Rights Online

Patent Troll Now Armed With Thousands of Nortel Patents 220

Posted by samzenpus
from the loaded-for-bear dept.
dgharmon writes in with a story about the final outcome of thousands of Nortel patents that were bought last July. "You may recall last summer that Apple, Microsoft, EMC, RIM, Ericsson and Sony all teamed up to buy Nortel's patents for $4.5 billion. They beat out a team of Google and Intel who bid a bit less. While there was some antitrust scrutiny over the deal, it was dropped and the purchase went through. Apparently, the new owners picked off a bunch of patents to transfer to themselves... and then all (minus EMC, who, one hopes, was horrified by the plans) decided to support a massive new patent troll armed with the remaining 4,000 patents. The company is called Rockstar Consortium, and it's run by the folks who used to run Nortel's patent licensing program anyway — but now employs people whose job it is to just find other companies to threaten." On a semi-related note, there is a new petition to the White House to make a law that patent lawsuits that find for the defendant automatically fine the plaintiff three times the damages they were seeking."
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Patent Troll Now Armed With Thousands of Nortel Patents

Comments Filter:
  • Re:3 times? (Score:3, Informative)

    by rtb61 (674572) on Sunday May 27, 2012 @07:35PM (#40131095) Homepage

    Not a problem. Company owns a bunch of patents as soon as it decides to go patent trolling it creates a new $2 company and shifts the trolling patent into that. If it wins the profits transfer back to the parent company, if it loses it goes belly up and the parent company loses a now worthless patent, cue, schadenfreude laughter. Fines unpaid, debts unpaid and triple damages, ohhh, yeah, make it tens times, hundreds times, even a thousand times, makes no difference not one cent paid.

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