Media Mentions

Mark Privratsky Discusses Patent Trolls with Twin Cities Business

09.03.14

Mark Privratsky shared his Intellectual Property expertise with Twin Cities Business for the magazine’s article, “Why Companies Should Act to Protect Themselves From Patent Trolls.” Although both state and federal governments have made battling patent trolls a priority in recent years, companies (regardless of size) are being advised to take the necessary measures to protect themselves. A new study from PricewaterhouseCoopers asserts that trolls currently account for 67 percent of all new patent lawsuits, up from 28 percent five years ago.

While some debate remains about what constitutes a troll, the general agreement is that it’s an entity that owns patents that it doesn’t use to make products. “Their entire business structure is to sue out and enforce patents in order to get money,” stated Privratsky. “That’s their M.O.” He continues, “Trolls for the most part fall in the non-practicing entity terminology. That means that they are simply an entity that has purchased patents or owns patents [where] they do not produce whatever the invention is represented by those patents.”

Read the article.

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