THE previous post noted that patent lawsuits had significantly decreased in number because the confidence associated with USPTO-granted patents (certainty of validity) just isn't there anymore. Many lawsuits go astray.
The average price of a US patent is down 30% to $176,000 this year. The reason this may not be bad and what is driving “realistic optimism” among patent monetisers were some of the takeaways from the IP Dealmakers Forum
The mood among attendees and speakers at the IP Dealmakers Forum in New York on November 7 and 8 was a marked contrast to the downbeat tone in recent years.
On February 20, the Wall Street Journal decided to publish an Op-Ed by the Patent Counsel for Immersion Corporation – a tech and patent shop which most famously owns the patent on the "force feedback" technology we all turn off on our gaming consoles. And while I am sure Ms. Peter and I would agree on the importance of IP, our mutual affection for patents, and the passion that only a good licensing deal can bring, she does an enormous disservice by equating patent trolls to technology creators. In a ham-handed attempt to attack the patent system reforms currently under consideration in Congress she suggests that "small business" will be harmed by the myriad of suggested reforms, and we should look more kindly upon the creatures dwelling under the bridge.
Secretary of Commerce Wilbur Ross today announced the appointment of Laura Peter as deputy under secretary of commerce for intellectual property and deputy director of the United States Patent and Trademark Office (USPTO), effective November 13, 2018. Ms. Peter most recently held the position of deputy general counsel of A10 Networks in Silicon Valley and provided counsel on worldwide legal matters, including commercial transactions, intellectual property (IP), licenses, litigation, and regulatory compliance.
“Laura Peter brings a breadth of experience and a deep understanding of intellectual property issues to her new role as deputy director of the USPTO,” said Secretary Ross. “She will be an asset to our administration as we look to increase reliability and balance in the intellectual property system, as well as provide more predictability so that businesses can grow and invest with confidence.”
Ms. Peter has practiced IP law for over 20 years. Among other positions, she was previously vice president and general counsel of Immersion Corporation, where she led all aspects of the company’s legal issues, including its IP portfolio. She was also assistant general counsel and director of intellectual property at Foundry Networks, where she built their patent portfolio and led successful patent actions against large competitors. She began her career as a commercial and intellectual property litigator at Townsend, Townsend and Crew (now Kilpatrick Townsend & Stockton LLP).
“I am thrilled that Laura Peter will join the USPTO as deputy director,” said Under Secretary of Commerce for Intellectual Property and Director of the United States Patent and Trademark Office Andrei Iancu. “Her thoughtfulness, business sense, and keen understanding of the important role intellectual property plays in today’s economy will be extremely valuable to the USPTO and the IP community.”
“I am honored to be chosen as USPTO deputy director at a time when intellectual property matters are at the forefront of national and international affairs,” said Peter. “I look forward to working with Director Iancu and the nearly 13,000 employees of the USPTO to protect and improve our IP system, which is a crown jewel in the American economy.”
Ms. Peter holds a bachelor’s degree in industrial engineering from Cornell University and a master’s in public policy from the University of Chicago. She is a graduate of Santa Clara University School of Law and received a Master of Laws from King’s College London.
I live in an enchanted and magical land of rainbows and unicorns called "Silicon Valley." In addition to unicorns, Silicon Valley is also inhabited by trolls, who emerge from under their bridges to threaten the denizens of the valley with lawsuits based on dubious patents.
I was shocked to read that Andrei Iancu, director of the United States Patent and Trademark Office (USPTO) gave a recent speech where he complained that people who call non-practicing entities (NPE) patent trolls are “storytellers" who are "scaring our inventors and our entrepreneurs ...”. Given how far this is from reality, I could not imagine what kind of fantasyland Director Iancu lives in.
Patent trolls exist in Silicon Valley and are a very real threat to innovators. I should know. I have fought off two patent trolls, most recently this past summer as the general counsel of Bitmovin.
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These three protections have helped companies like mine and Congress, and the USPTO shouldn’t allow them to be weakened. Sorry, Director Iancu, trolls are real. They don’t just exist in fairy tales, and the real ones are a threat to innovators. And that’s not crying “wolf.”