Auction Co. Can't Shake Suit Over $2M Software Patents
Law360, Los Angeles (May 29, 2015, 3:58 PM EDT) -- A California judge on Friday tentatively refused to toss an inventor's suit alleging an auction company botched its handling of video technology patents she held with her software programmer ex-husband by selling them for vastly less than their $2 million minimum value, ruling the auctioneer had a fiduciary duty to the inventor.
Josslyn Motha and her patent-holding company Phoam Technologies had sued ex-husband Thomas Meyer, auction firm ICAP Tomo LLC and patent buyer Pleasant View LLC, alleging that Meyer sold the patents at a "fire sale price" to cut Motha out of potentially profitable deals, that he secretly secured a business...
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