Co. Accused Of AIA 'Shakedown' Asks To Drop USPTO Review

Law360, New York (October 30, 2013, 6:30 PM EDT) -- A company that VirnetX Inc. claims tried to shake it down for $37 million by petitioning for inter partes review of the tech company's network security patents asked the U.S. Patent and Trademark Office Tuesday to terminate its review bid, after VirnetX refused to pay up.

At a hearing, New Bay Capital LLC told the USPTO it hadn't settled the dispute but wanted to voluntarily withdraw its petitions that challenged under the America Invents Act the validity of four patents at issue in a trial for...
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