Pennsylvania AG Kathleen G. Kane
Pennsylvania’s Attorney General Kathleen G. Kane has called on the Federal Trade Commission (FTC) to investigate so-called “patent trolls.” Patent trolls are companies that acquire broadly worded patents and bring lawsuits, often frivolous, to legitimate business for patent infringement.
According to the Pittsburgh Business Times, a Boston University study estimated a whopping $29 billion tally on patent-trolling cases in 2011. The firms typically own one or more patents, but do not use them in manufacturing, marketing or selling products or services. Instead, they seek revenue from licensing the patent to others or through litigation and settlements after filing suit against firms they alleged infringed on their patents.