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McKool Smith

This tag is associated with 4 posts

LML Payment Systems Wraps Up Patent Monetization Effort

LML Payment Systems (NASDAQ:LMLP) hired McKool Smith to enforce its payment processing patents against the giants of the financial industry.  That effort wrapped up earlier this year, and with the patents expiring in January 2013, the company announced it had no plans to initiate any further monetization efforts. As I reported on Seeking Alpha: Since … Continue reading

Coller Capital Pulls Plug On IP Fund, Reneges On Billion Dollar Patent Deal According To A Lawsuit

According to a lawsuit filed in a New York County Supreme Court, Coller Capital‘s IP fund, in the process of winding down, stands accused of backing out on a deal to sell three patent portfolios worth, according to the Plaintiff’s account of Coller’s representations, “well in excess of $1 Billion.”  Collectively, three British Virgin Islands … Continue reading

Eolas–Beaten But Not Defeated

Few patent owners are more reviled by the tech community than Eolas, the company formed by Michael Doyle, inventor of US Patent 5,838,906. The patent–filed in 1994, and reexamined by the patent office not once, but twice–purportedly reads on technologies like web browsers, that parse and format “hypermedia” documents. Back in 2003, with attorneys from … Continue reading

Multi-party Patent Enforcement Post-AIA

Patent reform’s most significant change may have been embedded in one of the least talked-about provisions.  When President Obama signed AIA into law this past September, a provision immediately took effect banning the practice joining more than one company in the same lawsuit unless all were responsible for producing or selling “the same accused product … Continue reading