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August 3, 2012 06:39 pm GMT

Patent Trolls, Beware: Your Days May Be Numbered




People who sue technology companies over patents when they're really only trying to win big settlements have earned themselves a nickname: patent trolls.

Thanks to the Saving High-Tech Innovators from Egregious Legal Disputes Act, or SHIELD Act, their days may be numbered.

The SHIELD Act would require anybody who files a lawsuit related to a computer hardware or software patent to pay his or her opponent's legal bills if a court finds the lawsuit "did not have a reasonable likelihood of succeeding."

Oregon Rep. Peter DeFazio introduced the bill in the House to protect innovators from superfluous lawsuits.

"Patent trolls don't create new t…
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More About: Politics, Startups, US, congress, copyright, patents, trademarks


Original Link: http://feeds.mashable.com/~r/Mashable/~3/BLtdmvofoZY/

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