A decade ago, before terms like “nonpracticing entity” and “patent troll” had gone mainstream, the intellectual property licensing company Rates Technology Inc. was one of the busiest patent plaintiffs around. Now, according a ruling in a failed case RTI brought last year, the company isn’t paying its lawyers, its patents are close to expiring and its pioneering president, Jerry Weinberger, is worried about his job.
U.S. District Judge Shira Scheindlin in Manhattan ruled Tuesday that RTI didn’t file an unreasonable patent case against Broadvox Communications and therefore isn’t liable for Broadvox’s attorney fees. Broadvox, which is represented by Carter Ledyard & Milburn, had sought $364,950 in fees and costs.
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