by Mike Masnick
Fri, Dec 28th 2007 3:09pm
The Patent Troll Tracker is doing what he does best (well, other than pissing off patent hoarders and their lawyers): tracking patent litigation. As we approach the end of the year, he's got a nice rundown on some numbers concerning patent litigation. For those who think that pointless and wasteful patent litigation is on the decline, think again. Even in just the last three months, the pace has been accelerating -- perhaps as patent hoarders rush to get cases in before any patent reform makes progress in Congress -- or before the Supreme Court (thankfully) quashes another abuse of the patent system. The Troll Tracker looks at the Fortune 100 to see who got sued the most for patent infringement, and found that the top 35 companies were sued a combined 500 times for patent infringement in the last two years alone. That's an awful lot of money wasted on lawyers that could be going towards actual innovation. Of the lawsuits over the past two years, approximately 50% came from companies who didn't actually make any products themselves. However, in the last 3 months, that number shoots up to 70% from companies that don't make products. And if you limit the list to tech companies, 80% of the lawsuits came from companies that don't make products. Shouldn't this be ringing some alarm bells?
If you liked this post, you may also be interested in...
- Antitrust Suit Alleges Pharma Company Rubbished Its Own Product In Order To Stave Off Competition From Generics
- FTC Releases Big Report On Patent Trolls, Says The Patent System Needs To Change
- Prominent Pro-Patent Judge Issues Opinion Declaring All Software Patents Bad
- Stupid Design Patent Of The Month: Rectangles On A Screen
- Math Is Not A Crime