Worlds Inc (WDDD)

[LouisDesyjr]

Study of PTAB ruling effects on stock prices


AVENUES FOR ADDRESSING THE EXPLOITATION OF INTER PARTES REVIEW PROCESS BY THIRD PARTIES

The study did find there were some hedge funds short selling and then filing for a review through a company they controlled, but even that method seemed to stop working after being done a few times. It seems that market participants realized what was going on and started to ignore the PTAB process.

Bass and his CFADs have filed more than thirty-two IPR petitions and, regardless of the IPR outcomes, show no sign of slowing down.7 Bass’s actions have caused some pharmaceutical companies to cry abuse,8 and a few targeted companies have filed for sanctions 9 or argue in preliminary responses that there is an abuse of process.10 Despite immense success in bringing down stock prices with his first three IPR challenges by just filing the challenge, the market seems to have either adjusted to Bass’s tactics or learned about the possible volatility of patents, as his later challenges have not all led to a significant decrease in stock prices of the targeted companies.11

Louis J. Desy Jr.