The Patent Trolls at “Trial Lawyers, Inc.”

troll cc

It’s called a shakedown, and when done by patent trolls it’s (for the most part) totally legal.

But though legal, patent trolling hurts the economy, stifles innovation, and enriches those who revel in red tape.

(From Politico)

Most such litigation today is not filed by companies holding patents, such as Samsung, but by “patent trolls” — people or companies that produce no goods or services themselves but exist to acquire patent rights and seek to enforce them against businesses that are producing goods or services using related technologies. Over the last six years, the number of lawsuits filed by such patent-assertion entities has increased 526 percent, according to research by Santa Clara law professor Colleen Chien, examining data from the patent risk-management company RPX Corporation.

Click here for the article.