Congressmen Push Bill To Deter 'Patent Troll' Suits

Law360, New York (August 2, 2012, 4:32 PM EDT) -- Two U.S. congressmen unveiled bipartisan legislation on Wednesday intended to stop so-called “patent trolls” from lodging meritless suits, which cost U.S. technology companies more than $29 billion, by forcing the loser to pay litigation costs. 

Rep. Peter DeFazio, D-Ore., along with co-sponsor Rep. Jason Chaffetz, R-Utah, introduced HR 6245, the Saving High-Tech Innovators from Egregious Legal Disputes Act, or Shield Act, in the U.S. House of Representatives, saying the bill would protect American technology companies from frivolous lawsuits.

“These egregious lawsuits hurt American innovation and small...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.