Patent Brokerage To Auction Off Covenants Not To Sue

Law360, San Diego (September 15, 2011, 10:18 PM EDT) -- A patent brokerage firm on Thursday announced it is accepting sealed bids for a “covenant not to sue” auction to be held later this month that would release defendants and potential defendants from patent infringement litigation that has already targeted Google Inc., Bank of America Corp., Apple Inc. and a host of other big-name companies.

ICAP Patent Brokerage, which is a division of ICAP PLC, plans to hold a private sealed-bid auction Sept. 27 in Los Angeles, putting up for sale “covenant not to sue” agreements...
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