Is A Lawfirm Using ICAP’s Patent Auction To Recover On Unpaid Prosecution Work?

ICAP lists The Stapleton Group as seller of three of the 52 lots currently listed for public auction. Lot numbers AUC050, 051 and 052 all feature patents sharing a common inventor, Lawrence Kates and many were prosecuted by the firm Knobbe, Martens, Olson & Bear, LLP.  A quick check of USPTO Assignment records reveals that Knobbe Martens filed a UCC-1 lien against a large number of Kates’ patents back in 2009.  Finally, The Stapleton Group’s website explains that it provides “asset management, bankruptcy, receivership, work out and forensic accounting services.” Stapleton may have been hired by Knobbe to “manage” the Kates patents, or may have simply bought the lien outright in hopes of cashing in on sale day.