Patent trolls continue to be a growing problem across the country.
These are entities that buy patents and then threaten litigation to force innocent businesses to pay them settlement fees or risk a costly legal battle. And they are increasingly targeting small and medium sized companies.
Champlain College hosted a forum on patent abuse to highlight the issue. Vermont was the first state in the country to put a law in place to crack down on patent trolls.
But speakers at the forum Monday say more needs to be done on a national level, especially when it comes to patents for software. Boston University's James Bessen has studied this issue for years. "Some patent trolls are making a lot of money but many patent trolls are costing companies a lot of money. We estimated that they cost companies 29 billion in terms of legal fees and settlement payments in 2011," he said.
Bessen says there needs to be changes in laws governing patent litigation and changes in the way software patents are granted and used.
Tuesday, April 15 2014 8:08 PM EDT2014-04-16 00:08:37 GMT
Flood warnings are in effect around our region as heavy rains begin to move through. There is already localized flooding at some of the typical problem spots, like the wrong-way bridge on Route 15 inMore >>
Parts of our region are already flooding and others are bracing as heavy rains move through. Not only is rain falling fast, but warm temperatures Monday melted snow, adding to high waters.More >>
Tuesday, April 15 2014 7:06 PM EDT2014-04-15 23:06:00 GMT
A man had to be pulled from the Black River in Springfield Tuesday morning. The Hartford Fire Department says it's working to pull a man out from the river. They say he got stuck about 75 feet out inMore >>
Vermont emergency workers have rescued a man stranded in the middle of a treacherous section of river in downtown Springfield. More >>