SEEING the trend in US patent courts (which unlike the USPTO reject abstract patents en masse), patent trolls are utterly demoralised. Microsoft's patent troll Intellectual Ventures keeps imploding based on the patent trolls' lobby (IAM). Here's the latest:
Cory Van Arsdale, chief revenue office at Intellectual Ventures and one of the driving forces behind its recent monetisation efforts is leaving the giant NPE. He is set to keep some ties to IV advising the business on a consultancy basis for at least the next year, but his departure effectively hands control of the company’s patent sales and licensing to Mathen Ganesan, executive vice president of the Invention Investment Funds.
Van Arsdale joined IV in 2010 from a consulting business which he co-founded and before that did stints at the likes of Microsoft, Apple and Sun Microsystems. He has taken an active role as the company has ramped up its rate of sales in recent years including the disposals of around 4,000 former Kodak patents and almost 1,000 former American Express grants to Dominion Harbor.
Deal between the two came as Korean tech giant agreed to royalty bearing licence to NPE’s Wi-Fi portfolio
VirnetXâ⢠Holding Corporation (NYSE:VHC), an Internet security software and technology company, announced today that on September 20, 2018, pursuant to a Court's order, attorneys from VirnetX and Apple have conferred and agree without dispute amounts for Bill of Costs and Prejudgment Interest totaling $93,351,141 to be added to the $502,567,709 jury verdict for VirnetX in the ongoing patent infringement action between VirnetX Inc. ("VirnetX") and Apple Inc ("Apple").