Patent Hoarder Caught Shuffling Patents Around To Sue Multiple Times
from the whoops dept
You see, the company had sued Daimler Chrysler over patent infringement, and rather than fight it (as too often happens in these sorts of suits), Daimler felt it was cheaper to settle up. Of course, part of that $2.3 million settlement was an agreement that there wouldn't be any more lawsuits over the patents in question. So what does Plutus do? It shuffles the patents among its various subsidiaries and sues DaimlerChrysler three more times. A court made quick work of the case, finding that Plutus had violated its settlement terms with DaimlerChrysler, and the company (run by Erich Spangenberg) may be on the hook for millions of dollars.