Wringing Profits From Forgotten Patents.
International Business Machines Corp. v. Groupon Inc.
Case #16-00122
BLEEDING THEM DRY
Lawsuits sure can be expensive! When it reported its second-quarter earnings, Groupon disclosed a $75 million litigation charge related to the IBM trial, contributing to a net loss of $92.3 million on continuing operations. No wonder the stock is down more than 15 percent for the year.
OLDIES BUT GOODIES
How can patents so old they predate the consumer internet be worth money today? The trick to writing patents is to make them so broad they can be enforced no matter how far technology advances. Whoever wrote those Prodigy patents deserves a cut of IBM’s winnings.
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