Patent trolls are a lash for technology companies like Intel and Apple. Now the two tech mammoths make a team take down one of the largest, Softbank-financed Fortress Investment Group.
according to the report:
Intel and Apple have classified an antitrust lawsuit against Fortress. Alleging the company has to collect patents expressly to sue companies like Intel and Apple to extract profit.
Patent trolls are businesses that obtain patents with the express goal of threatening or asking other companies to extract profit. Having no plans to develop products of their own based on the technology. There have been different law-making efforts put forward over the years to help rein in the effects of patent trolls. But this plan can still be effective, since May. Businesses would rather settle inconvenience patent claims than indulge in a long, drawn-out legal battle with gloomy outcomes.
Intel begging Fortress earlier this year but withdrew its lawsuit. On Wednesday, the suit was refiled with Apple as co-plaintiff.
According to the report:
Intel and Apple claim that Fortress and firms it either owned or whose patent portfolios it effectively controlled. And they do not make any technology products – stockpiled patents for the primary purpose of begging technology companies and did so in a manner that broke U.S. antitrust laws.
Sometimes, Apple goes toe to toe in court with patent trolls. And it’s par for course for any company of Apple’s size and valuation. In 2018 the company lost a $500 million suit filed by VirnetX in a decade-long patent fight that doesn’t show any signs of letting up yet.
Apple said the suit that Fortress and its business entities had filed at least 25 lawsuits demanding $2.6 – $5.1 billion in damages. Apple called the figure “a facade” in its filings.
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