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How Patent Trolls Kill Innovation

cathyreisenwitz (2782841) writes | about a year and a half ago

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cathyreisenwitz writes "A Yale study found that the U.S. patent office is approving new software patents at an approximate rate of 40,000 a year. That's more than 100 new software patents every day. Tracking every software patent to make sure one is not in violation would be an utter impossibility without a full-time team of lawyers on staff.

Uniloc, which purchased the patent in question at a bankruptcy proceeding, declined an interview request for this piece. But on their website, they brag about a victory over software giant Microsoft resulting in $388 million in damages (though this amount was later lowered in an appeals court). Despite the enormous risk, and the enormous cost just to defend against a patent suit, Meyer is resolved to do so.

"I will not simply give somebody money that endorses the idea that they should sue people for doing something amazing," says Meyer. "It must be stopped at some point.""

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