Over the past decade, the rise of “patent trolls”—companies that exist just to litigate patents—has had a crushing effect on countless businesses. Despite years of inaction, the industry has reached such a massive size (around $29 billion in direct legal costs alone) that Congress is starting to pay attention.
Yesterday, Senator Chuck Schumer (D-NY) announced that he’ll be introducing the second bill aimed at combating patent trolls this year. The first was the SHIELD Act, brought back in a new form this ...
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