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”. More from Bloomberg Law.
A court filing has revealed that a GLS Capital affiliate and Law Finance Group are funding a patent infringement suit brought by Microspherix against Nexplanon, a contraceptive implant whose US sales were nearly 10% of Merck & Co. spinoff Organon & Co.’s 2022 revenue.
Sysco has sued affiliates of Burford for allegedly meddling in the food distributor’s efforts to settle several major antitrust cases in which it’s a plaintiff, while Burford argues that Sysco has breached the funding agreement by assigning some of the claims, giving Burford the right to veto the settlements.
Rick Frenkel and Cecilia Sanabria of Latham & Watkins describe why most NPE litigation over the past five years has been filed in two federal districts in Texas, and discuss whether litigation disclosure requirements affect choice of venue.
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