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...

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!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!