Patent Suits Increase, As Do Big Verdicts - InformationWeek
IoT
IoT
IT Leadership // IT Strategy
News
7/10/2013
03:01 AM
Connect Directly
Twitter
RSS
E-Mail
50%
50%
RELATED EVENTS
Ransomware: Latest Developments & How to Defend Against Them
Nov 01, 2017
Ransomware is one of the fastest growing types of malware, and new breeds that escalate quickly ar ...Read More>>

Patent Suits Increase, As Do Big Verdicts

Three patent infringement lawsuits in 2012 resulted in damage awards of more than $1 billion, PricewaterhouseCoopers reports.

20 Great Ideas To Steal
20 Great Ideas To Steal
(click image for larger view and for slideshow)
PricewaterhouseCoopers says 2012 was a banner year for patent infringement litigation. Prior to 2012, there were only three cases that topped $1 billion in damages. In 2012 alone, there were three more of them, including Apple vs. Samsung.

The damages award in the Apple-Samsung jury trial that played out in San Jose Federal District Court was reduced $450 million by the judge from $1.05 billion in March of this year, leaving Apple with a $600 million settlement. In June, Samsung won a ban on iPhone 4 imports based on an ITC ruling that Apple had violated one of its patents. That decision is likely to be challenged by Apple in the appeals court and may even be overturned by the White House.

That back and forth in what amounts to a gigantic, worldwide struggle between the two smartphone makers may become a more common occurrence between market leaders, as the number of patent suits escalates, concluded a PWC 2013 Patent Litigation Study. The number of patent cases typically grows 7% a year. In 2011 to 2012, the number jumped 29% to over 5,000.

[ Want to learn more about the Apple Vs. Samsung case? See Apple's $1 Billion Samsung Patent Verdict Cut By Judge. ]

The other $1 billion settlements were in the Monsanto vs. DuPont case and Carnegie Mellon University vs. the Marvell Technology Group.

The Monsanto vs. DuPont case settled for a 10-year, $1.75 billion license. The settlement overturned a jury's decision that DuPont, owner of the Pioneer Hi-Bred seed company, needed to pay Monsanto $1 billion for infringing on its patent that covers the embedding of a Monsanto-developed "Roundup Ready" gene in soybeans. The gene makes soybeans resistant to the pesticide, Roundup, which allows the pesticide to be used in support of a larger soybean crop.

The Carnegie Mellon vs. Marvell remains in the post-trial phase. In December, a third federal district court jury awarded the university a $1.17 billion verdict against Marvell for infringing two of its patents. Marvell produced chips that incorporated what Carnegie Mellon said was its patented technique for how accurately hard disk drive circuits are able to read data from high speed disks, according to a Reuters account. Marvell has said it will ask the judge to overturn the verdict and, if necessary, will appeal it to the U.S. Circuit Court of Appeals.

The growth in the number of cases is somewhat on track with the increase in the number of patents issued by the U.S. Patent and Trademark Office, which has increased each year since 2009, the report said.

"Patent infringement litigation shows no signs of cooling off, either as a means of generating revenue or of protecting competitive advantages," the report concluded.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
2017 State of IT Report
In today's technology-driven world, "innovation" has become a basic expectation. IT leaders are tasked with making technical magic, improving customer experience, and boosting the bottom line -- yet often without any increase to the IT budget. How are organizations striking the balance between new initiatives and cost control? Download our report to learn about the biggest challenges and how savvy IT executives are overcoming them.
Video
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll