ABA joined a group of financial and retail trade groups in a letter to Sens. David Perdue (R-Ga.) and Richard Blumenthal (D-Conn.) expressing support for a one-year extension of the Covered Business Method program, which protects the rights of legitimate patent holders while providing an efficient alternative to patent litigation over questionable patents.
In a unanimous decision, the New Hampshire Supreme Court today upheld a lower court ruling that dismissed defamation claims brought by a patent assertion entity against ABA and other defendants who labeled the company and its operator a “patent troll.”
The Supreme Court today reversed a lower court finding and dealt a blow to the ability of patent assertion entities to bring cases against companies in friendly federal courts.
The Supreme Court said today that it would hear the case of TC Heartland v. Kraft, which the American Bankers Association is watching closely due to its implications for banks that face litigation from patent trolls.
The Supreme Court today upheld a patent review process used by the Patent and Trademark Office to review existing patents for quality to determine whether they should remain in place.
The decision leaves only Capital One’s antitrust counterclaims to be resolved.
By a bipartisan 24-8 vote, the House Judiciary Committee yesterday approved the Innovation Act (H.R. 9), which would seek to reduce abuse of the patent system.
By a bipartisan 16-4 vote, the Senate Judiciary Committee today approved the PATENT Act (S. 1137), which would seek to reduce abuse of the patent system through vaguely worded demand letters sent to businesses by patent trolls.
Financial institutions and other businesses need protection from abusive patent trolls, ABA and several trade groups said in a statement for the record for a Senate Judiciary Committee hearing yesterday.
Patent troll legislation currently before the House Energy and Commerce Committee does too little to protect banks and other businesses from abusive patent infringement claims, ABA and several other trade groups said yesterday.