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News
May 22, 2014

In the News Today – May 22, 2014

States are rewriting their laws to make it more difficult for so-called “patent trolls” to pursue small businesses over questionable patent claims. (Wall Street Journal)

“These guys are trying to turn back what you’ve done,” said former Mississippi Gov. Haley Barbour at a conference this month that took a look at the ten years since comprehensive legal reform legislation was enacted in that state. He is referring to, “a Coahoma County case soon to be before the state Supreme Court where a circuit judge found the state’s caps on damages unconstitutional in a $7 million award in the death of a 2-year-old in an apartment fire.” (Madison County Journal)

After, “heavy lobbying by pharmaceutical and biotechnology companies, universities and trial lawyers” a bill that would protect companies against patent trolls was shelved on Wednesday, reports the New York Times. The bill was led by Patrick J. Leahy (D – VT) who resigned that, “Unfortunately, there has been no agreement on how to combat the scourge of patent trolls on our economy without burdening the companies and universities who rely on the patent system every day to protect their inventions.” (New York Times)

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