KomoNews This site has discussed patent trolls a number of times. Now, it is time to give some love to trademark trolls. In the last few months, we have seen a company trademark “candy” and then sue others who used the word “candy” on their sites/products. Now, we have Amazon suing those with the word “fire” on their site. Over the last few months, Amazon has released a Fire Phone, Fire tablet and Fire TV. So, it makes perfect business sense for Amazon to file for an “Amazon Fire” trademark. Amazon also filed and received the trademark for the word “Fire” by itself….
As we have discussed previously, patent trolls have been under sharp attack in the last few months due to the general public becoming aware to the danger that trolls have on the business industry.
FOSSPatents Intellectual Ventures (IV) is a company that buys old patents and extorts forces productive businesses to pay IV licensing fees. Patent Trolls such as IV account for 67 percent of all new lawsuits. But over the last few year, the New York Times, NPR and even the Wall Street Journal have all turned against companies such as IV. One reason for the turn in public opinion is the growing number of studies which show that patent trolls are causing a number of businesses to be forced into near bankruptcy by defending these lawsuits. Studies put litigation expenses at $29 billion a year…
The courts have ruled on the latest Apple v Samsung case, awarding Apple over $100 million and Samsung $158,400 for various patent infringements.
Last year, mega patent-troll Intellectual Ventures opened up shop in Washington, D.C., to push their yearly million dollar lobbying effort. Since its founding in 2000, IV is believed to have raised about $6 billion in cash.
Landmark has been suing people under several names since 2003 and has gotten tens of thousands of dollars by scaring small businesses into paying them for the ability to stay out of court.