General counsel in the tech sector are praising the U.S. Federal Trade Commission’s long-awaited report on patent assertion entities (often referred to as patent trolls), calling it a good starting point for much-needed patent reform.
In 2013, the FTC announced that it would use subpoenas to shed light on how PAEs operate. It published its findings in a 269-page report released on Oct. 6. The report looks at the practices of 22 PAEs and 327 affiliated entities from January 2009 to mid-September 2014. The agency also outlines some of the major issues faced by PAE targets and offers four judicial and legislative patent reform recommendations that would help do away with nuisance infringement litigation.
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