The Federal Trade Commission and the Department of Justice are weighing how to make their next move as lawyers for the nation’s largest corporations are pressuring authorities to initiate legal action against patent trolls. Millions of dollars are reported each year as spent by companies defending themselves against patent lawsuits brought on by patent trolls, who buy patents for the sole purpose of owning their rights and being able to file infringement suits or require licensing fees. Supporters of those patent companies, however, argue that they maintain the value of a patent and are beneficial to smaller investors. Arguing that patent companies restrict competition, however, major corporations are now turning towards the government to take action. The FTC and the DOJ held a joint workshop on the matter last December and will be accepting public feedback into April.
Full Content: Thomson Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI