By Ryan Davis (May 22, 2013, 8:16 PM EDT) -- A new piece of legislation aimed at cracking down on the tactics of so-called patent trolls, introduced in Congress on Wednesday, would make significant changes to patent law, setting stringent new pleading requirements, restricting discovery and creating a "loser pays" system.
The Patent Abuse Reduction Act, introduced by Sen. John Cornyn, R-Texas, joins three other bills now under consideration as companies that assert patents but do not make any products come under intense scrutiny from lawmakers.
Cornyn, a member of the Senate Judiciary Committee, said in a statement that his bill would modernize the U.S. patent system to "protect innovators unfairly...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!