Today, patent trolls account for a great deal of the patent litigation in the United States, and this issue is only becoming more severe. In fact, research shows that trolls have cost the U.S. economy half a trillion dollars between 1990 and 2010, and over $320 billion was lost to trolls in just the last four years. Every day, across the nation many businesses face the prospect of complex, multimillion-dollar patent litigation battles, which can lead to cutting jobs and driving up prices of the most innovative products.
Recently, the entertainment capital of the world has fallen victim to patent trolls. Casinos and resorts along the Strip in Las Vegas are staple industries to Nevada’s economy, known for their innovative and creative use of technology in all aspects of their operations. But several of these have recently become caught up in legal battles over patented technology.