Quotes and info from: http://www.blogger.com/blogger.g?blogID=7041074526395473149#editor/target=post;postID=6884052116167269648
Tuesday, August 7, 2012
Week 5 EOC: Patent Trolls
In 2010 a man named Raymond E. Stauffer went shopping at a Brooks Brothers
store at a New Jersey mall, probably unaware that he would be the start of
something important. Being a patent lawyer, Mr. Stauffer noticed that the bow
ties at the Brooks Brothers store were labeled with old patent numbers.
According to the Wall Street Journal report, "He sued Brooks Brothers Inc. in federal court, claiming it broke the law
by marking its adjustable bow ties with patents that expired in the
1950s." This was a very smart thing for
him to do. Not only is he making things right, he's also making some dough by
doing it. A Justice Department spokesman agrees: "We do think that these
suits have directed industry attention to the need to adopt procedures to
assure that patent markings are accurate and to remove the numbers of expired
patents from products," says Charles Miller, a Justice Department
spokesman. "This should result in more accurate information on products
and their packaging, which would be beneficial to consumers." So while
it's great that Stauffer made money from this, it's even better that he's also
helping people by scaring companies into checking their products for expired
patents. Numerous attorneys who represent manufacturers of consumer products said
that "They are checking the status of patents and scrambling to review the
product lines on shelves to be sure labeling is up-to-date. And they are
contacting suppliers to make sure their patents are valid." Some of the
companies that have gotten in trouble with expired patents include: Procter
& Gamble, Bayer Healthcare LLC, Cisco Systems, Scientific-Atlanta, Merck
& Co., Pfizer Inc., 3M Co., DirecTV, and Medtronic Inc. With big names like
these it's no wonder why other companies became worried. I'm sure that because
of this event, companies are a lot more conscious now and make sure their
patents are all good.
Quotes and info from: http://www.blogger.com/blogger.g?blogID=7041074526395473149#editor/target=post;postID=6884052116167269648
Quotes and info from: http://www.blogger.com/blogger.g?blogID=7041074526395473149#editor/target=post;postID=6884052116167269648
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