CEOs tell Congress: Patent trolls are giving us the shakedown

CEOs met with the House Judiciary Committee to discuss the ongoing plague¬†of patent trolls. Overstock’s top lawyer called them “a tax on innocent operating companies” and many have found it easier and cheaper to pay them off rather than fight lengthy and expensive legal battles. The article also addressed ideas currently bouncing around Congress to stop this such as the Innovation Act which would require company’s to define the infringement in their complaint.

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