Patent Suits, Damages Awards Spiked In 2012, Report Says

Law360, New York (June 18, 2013, 7:10 PM EDT) -- The number of patent lawsuits filed last year jumped 29 percent over 2011 to reach the highest level ever recorded, while a spate of unusually large damages awards made 2012 a "colossal year" for patent litigation, according to a study by PricewaterhouseCoopers LLP released Tuesday.

The firm's 2013 Patent Litigation Study found that a total of 5,189 patent suits were filed last year, topping the all-time record of 4,015 set the previous year. In addition, the median damages awarded to patent holders in 2012 was $9.5...
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