The Hill Obama pressures Democrats to take on ‘patent trolls’ Posted: June 4, 2013 @ 10:35 PM EDT Business groups and the tech industry cheered Obama for bringing attention to the issue. Marla Grossman, a lobbyist with American Continental Group, which supports addressing patent abuse, said that even if Democrats don’t endorse the president’s proposal, it…
Monthly Archives: June 2013
June 4, 2013
Obama pressures Democrats to take on ‘patent trolls’
June 4, 2013
White House Moves to Curb ‘Patent Trolls’
The White House moved Tuesday to crack down on abuses of the patent system, responding to mounting concerns from technology companies over a flood of litigation which some say stifle innovation. The moves unveiled target so-called “patent trolls,” which according to the White House “hijack” ideas and take other companies to court with an eye to collecting license or royalty fees
Companies engaged in patent lawsuits before the Patent and Trade Office (PTO) can no longer hide their identities behind shell companies, the White House announced Wednesday, inspiring the praise of DC-based technology groups representing Silicon Valley. A bane of the technology community, patent trolls are companies or individuals who purchase patents and file aggressive lawsuits against companies or individuals that make products that use the patents.
WASHINGTON, D.C. – The Internet Association released the following statement applauding today’s announcement by the White House regarding patent trolls: The Internet Association applauds the executive actions on high-tech patents announced by the White House today and we echo the President’s call for legislation to put patent trolls out of business for good. As the President said, patent trolls are nothing more than extortionists, abusing the court system to shake down innocent inventors, entrepreneurs and end users…
Obama issues five executive actions and seven legislative recommendations to tackle companies that sue only for the sake of revenue-generation.