Patent Hoarder Caught Shuffling Patents Around Has To Pay $4 Million
from the hoarding-doesn't-always-pay dept
You may recall earlier this month that we wrote about Erich Spangenberg, who had set up a series of shell corporations for patent hoarding (and suing). Unfortunately, it appears he got greedy after a big win against DaimlerChrysler. As part of that settlement, he agreed not to sue the automaker again over the same issues -- but by using the various shell corporations, he had a different shell sue Daimler. Daimler saw this as a violation of the settlement and sued back. Now comes the news that Spangenberg has lost and has to pay nearly $4 million in legal fees to Daimler. It's good to see courts finally pushing back on some of the overreaching by patent holders.