Recently, the federal government has turned its attention to the issue of patent litigation. Senators from both sides of the aisle have called for patent reform, and even state attorneys general have taken a tough stance on so-called “patent trolls.”
All of this scrutiny, it seems, has caught the attention of Intellectual Ventures, which has considerably ramped up the amount of money it spent on lobbying. According to a report filed with the U.S. Senate, the company, one of the largest patent acquisition firms in the U.S., has nearly doubled its federal lobbying budget. The firm spent $310,000 on federal lobbying between July 1 and Sept. 30, up from $165,000 in the prior three-month period.