Law360, New York (October 20, 2014, 10:07 AM EDT) -- Patent litigation is out of control in the United States. Hundreds of parasite companies have been created specifically for the purpose of launching patent lawsuits against any business that dares to develop a new product or service. This war on innovation is led by nonpracticing entities, or "patent trolls," which buy up patents not for the purpose of producing an invention or a technology, but rather for suing people who do.
The term "patent troll" was created by Peter Detkin when he was the assistant general counsel for Intel Corporation. According to Detkin, a "patent troll is somebody who tries to...
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