At the recent “Best Practices in Patent Monetization” conference in San Francisco, a number of industry experts shared their perspectives on the recent trends in the IP space. One topic that came up more than once was the topic of lawsuits, and whether collecting damages in a suit was a desirable method of monetizing patents.
To take a deep dive into the data, forensic accountant Elizabeth A. Dean, VP of TM Financial Services, LLC, examined recent relevant cases. First, she pointed out that the recent trend of staggering awards handed out in the last few years – with four different awards topping the billion dollar mark in the last seven years – seems to have abated a bit. The biggest award last year was the $290 million Apple/Samsung decision, which is a far lower total than the $1.7 billion Centocor Ortho v. Abbott award of 2009.