Intel Calls Fortress' 'Buy Low, Sell High' IP Strategy Illegal
By Dorothy Atkins (September 16, 2021, 11:25 PM EDT) -- Intel urged a California federal judge at a hearing Thursday to keep alive its lawsuit accusing Fortress Investment Group of running an anti-competitive patent aggregation scheme, arguing it's sufficiently pled that the hedge fund's "buy low, sell high" intellectual property strategy violates antitrust laws.
During a nearly two-hour hearing held via Zoom, Intel Corp.'s counsel, William F. Lee of WilmerHale, argued Fortress has engaged in anti-competitive conduct by first purchasing patents, which their previous owners declined to enforce after conducting cost-benefit analyses, and then asserting them against big technology companies like Intel for dollar amounts that are "magnitudes upon magnitudes upon...
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