LLP - not LLC
LLP - Limited Liability Partnership eg. Deloitte LLC - Limited Liability Company
Both provide legal protection from unlimited liability. Licensed professional (Attorneys, Accountants, et al) form LLP. Licensed Professionals CAN NOT form LLC. LLC is a hybrid between Corporation and (Private) Partnership.
Stradling firm has been advising VPLM since 2021 or 2022 on Infringements estimation, negotiations, strategies, etc. Bill Parrish was assigned to VPLM for helping with the same issues. Remember his biodata was published as soon as he joined VPLM group of attorneys.
Mr. Hudnell and his firm manage court cases. Stadling helps with negotiation, infringement damage calculations and developing models for each defendant and their court case in real time, as the cases progress. VPLM has another a group of attorneys that specialize writing patents, example: USPTO Reexam response which was excellent! ALL attorneys cost $$$. VPLM is financing with equity (stock sales). No debt (or convertible debt to stocks) on the books so far! Stock dilution? Recall the IT company stock splits in the seventies: CISCO, APPL, GOOG et al. As VZ trial begins, shareholder will hear more news about potential damages.
Judge Albright recently awarded $2.2 Billion in patent infringement damages against Intel a few years ago.
A couple of confidential negotiations may be in progress: (1) AAPL and AT&T from the NDCA's days a la ADR (Alternative Dispute Resolution), (2) Parties from India for licensing VPLM patents. All discussions are strictly under wraps like the AMZN settlement discussion. Hoping to hear good news from all fronts in 2024.
