Inflated Damages and Secret Funding Distort Patent Litigation

Former US House Judiciary Committee Chairman Bob Goodlatte argues that a lack of funding transparency fuels abusive litigation, ultimately discouraging new technological advances and driving up costs across the board, and that it’s time for Congress to rebalance patent litigation incentives and reduce abusive lawsuits that drag down America’s innovation economy.

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Investment Bank-Backed Patent Shop Adds ‘Law Firm’ to Its Resumé

The owner of PatentVest, an investment-bank backed patent shop turned law firm, has defended the firm’s alternative business structure, arguing that “a law firm owned by a venture capital group that is truly interested in driving innovation and bringing new technologies to the market is better than a firm owned solely by litigation funders”.

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