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Thursday, March 26, 2015 3:33:52 PM
This stood out for me:
the last part of that statement describes in a nutshell how Intellectual Ventures' founder and CEO Nathan Myhrvold views his company. He doesn't see the lawsuits as patent trolling at all, instead he considers going after potential patent infringers as just another mechanism of capitalism at work. And, unfortunately for the tech companies IV typically targets, US patent law still has far to go before it can stop all patent trolls.
There is some hope, though. The America Invents Act, which President Obama signed into law back in 2011, shifted the US to a "first-to-file" patent system that removes some of the loopholes trolls previously used. And last year, the Supreme Court struck down an abstract software patent, which set a precedent against weak patents that merely captured the idea behind a piece of software.
We're also expecting some big changes over at the US Patent and Trademark office, now that former Google lawyer Michelle Lee is running the joint (after serving as acting director for a few years). She's been outspoken over the need for serious patent reform when she was at Google -- now Lee has a shot at actually making that happen.
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