White House to act against ‘patent trolls’

Posted by montezuma on Jun 4, 2013 4:22 PM EST
The Hill; By Brendan Sasso
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The White House announced a set of executive actions on Tuesday to crack down on abusive patent infringement lawsuits. The steps will rein in firms, described by detractors as “patent trolls,” which acquire portfolios of patents and make money by suing other companies. Critics of these firms say they do not create new products themselves and hamper innovation by tying up legitimate businesses in costly court fights.

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