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Patent troll MPHJ will repay all New York licensees in settlement with state |
January 14, 2014
A settlement with a so-called “patent troll” requiring it to repay all money received from organizations in New York should serve as a warning to other companies engaged in similar practices, the state’s attorney general said.Patent trolls are typically small companies run by a handful of people who buy old patents. They then contact target businesses claiming they may have violated certain terms of the patent and propose either a lawsuit or a settlement. The settlement is usually much cheaper than a possible legal battle, so the recipients of the letters typically pay the licensing fee.New York State’s action was against MPHJ Technology Licensing, a company that has an online reputation as a notorious patent troll.MPHJ contacted “hundreds” of small and medium-sized companies in New York over “likely” infringement of patents related to document scanning technology, according to a statement from the office of New York State Attorney General Eric Schneiderman, which announced the deal Tuesday.To read this article in full or to leave a comment, please click here
Link: http://www.pcworld.com/article/2087720/patent-troll-mphj-will-repay-all-new-york-licensees-in-settlement-with-state.html#tk.rss_all
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