Intel Says Investment Firm Is Backing Abusive Patent Scheme

Law360 (October 22, 2019, 9:58 PM EDT) -- Intel Corp. fired off an antitrust lawsuit in California federal court Monday against investment management firm Fortress Investment Group LLC, alleging the firm is funding an anti-competitive patent aggregation scheme.

According to Intel's complaint, Fortress and "patent assertion entities" it owns or controls are using "ill-gotten power" to extort excessive royalty fees for weak patents and are asserting the patents against tech companies, including Apple Inc. and Google LLC.

Intel says the alleged scheme by Fortress, which was acquired by Japanese conglomerate SoftBank for $3.3 billion in 2017, is intended to stifle competition.

"Rather than promoting the pro-competitive benefits of the...

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!

TRY LAW360 FREE FOR SEVEN DAYS

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?
Beta
Ask a question!