IP Holding Company Labeled A Fraud In Jury Verdict

Law360, New York (November 3, 2006, 12:00 AM EST) -- A federal jury has returned a verdict against intellectual property management company Verve LLC and the small general practice law firm Simon, Galasso & Frantz PLC for bringing a frivolous lawsuit and more or less labeled Verve a patent troll, a notion the company fervently denies.

In the order stating the jury verdict, Judge Frederick J. Martone of the U.S. District Court for the District of Arizona criticized Raymond M. Galasso, the alleged owner of Verve and a partner at Simon, Galasso & Frantz, which was...
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