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+ - Congress Becomes Aware of Patent Trolls

Submitted by phantomfive
phantomfive writes: Congressman Charles Schumer has written a piece decrying the evils of patent trolls. "Because of the high cost of patent litigation—the average litigation defense costs a small or midsize company $1.75 million—it is often marginally cheaper for a defendant to pay up front to make the case go away. The average settlement for the same group of companies is $1.33 million....Patent trolls cost U.S. companies $29 billion in 2011 alone."
His solution? Make it easier for low quality patents to be re-examined and rejected by the patent office.
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Congress Becomes Aware of Patent Trolls

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