Thursday, 02 October 2014 22:20

Obama Administration to Commence Initiatives to Disarm Patent Trolls

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The White House is working on initiatives geared to aid defendants from suits asserted by Patent Troll Plaintiffs.  A Patent Troll or a patent assertion entity is a non-practicing person or entity that enforces its rights against accused infringers in an attempt to collect damages often from a big pocket entity like Microsoft or Apple.  A patent troll generally does not manufacture products or advance services from the patent in question, but rather stockpiles it, until an entity or person infringes on their patent. 

Patent troll lawsuits have risen exponentially over the years in the United States.  More than 2,000 patent trolls have been discovered by legal research website PlainSite this week alone.  In fact, a new study suggests that patent troll litigation account for an alarming 67% of all new patent lawsuits, quite the staggering statistic, if you are a big pocket entity.  While monetary damages from patent lawsuits are on a steady decline, patent troll lawsuits are yielding more in damages than their practicing equivalents.

Many policymakers in the White House are in agreement that patent trolls are a huge impediment to the U.S. economy.  Patent trolls tend to file lawsuits against big pocket companies to extract enormous payment, which lawmakers believe slows innovation and hampers U.S. economic growth.

The Obama Administration is working hand-in-hand with the United States Patent and Trademark Office (“USPTO”) by dedicating a section on the USPTO website, currently in its beta phase, for people and businesses, who would be sued by patent trolls. 

However, the Administration is also quick to remind users that the availability of this resource is not a substitute for a legal counsel, but rather to help defendants consider their options. 

Read 2426 times Last modified on Tuesday, 09 December 2014 17:17
Kaustubh Nadkarni

Mr. Nadkarni earned his bachelor’s degree in Engineering Arts from Michigan State University, his Master’s degree in Finance and Six Sigma Management Science from University of Miami, his law degree from Nova Southeastern University and his Master of Laws degree in Intellectual Property from University of New Hampshire, formerly Franklin Pierce Law Center.

Mr. Nadkarni is a member of the Florida Bar, the Southern District of Florida Federal Court and the United States Court of Appeals for the Federal Circuit. He has also successfully passed the United States Patent and Trademark Office Registration Examination. As a Patent Attorney, he concentrates his practice in Patent Prosecution, Patent Litigation, Trademark Prosecution and other Intellectual Property litigation matters. Mr. Nadkarni is fluent in Hindi, Marathi, Urdu and functional in French. He is a member of American Intellectual Property Association, Miami Beach Bar Association and a Board Member of the Fairchild Palms.