Public Trading Companies become Patent Collectors to make Dollars

Spherix Inc. a publicly trading company had put its hands into many fields like developing treatment for diabetes, marketing low calorie sweetener, handling a campground reservations and the latest one is patents. Spherix two months ago merged with North South Holdings Inc. and the new emerging Spherix now calls itself as an IP development company that …

Patent Litigation Integrity Act (S. 1612) introduced by Senator Hatch

US Senator Orrin Hatch has introduced the Patent Litigation Integrity Act (S. 1612). The Act aims to address the growing threat of patent trolls who purchase existing broad patents and then threaten businesses of infringing them. Patent litigation Integrity Act of 2013 provides two reform measures. One, the legislation introduced the mandatory fee shifting …