Patent "Trolls" Target Wall Street

Law360, New York (January 24, 2007, 12:00 AM EST) -- When it comes to patent battles Wall Street is a sitting duck, experts warn.

So-called patent trolls are setting their sights on the industry because, in the words of American bank robber Willie Sutton, that’s where the money is.

Financial institutions are increasingly seen as attractive targets for two reasons, explains Jones Day lawyer Warren Nachlis.

While not averse to taking risks, they are traditionally averse to litigation and prefer to open their wallets to settle disputes. Adding to the appeal is their deep pockets, creating...
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