November 21, 2009, 11:56:44 AM
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  Umm Aaaaa!! McAfee??
« on: November 04, 2009, 03:19:01 PM » by ECA
http://techdirt.com/articles/20091103/0333046778.shtml

Quote
Patent Holder Sues McAfee, Gets $25 Million... But May End Up Losing $5 Million Due To Everyone It Has To Pay Off
from the this-is-fun dept

A few years ago, we noticed the troubling trend of private equity firms raising capital solely for the purpose of investing in patent lawsuits. Basically, these private equity guys saw the ridiculous awards being handed out to patent holders who did nothing, and realized they wanted in on the game. So they raised funds of hundreds of millions of dollars, and basically approached different small patent holders, examined their patents, and basically promised to bankroll lawsuits against companies who actually did stuff, in exchange for a cut of the winnings. One of the biggest players in this space (perhaps the largest outside of Intellectual Ventures) is Altitude Capital Partners.

read the rest..
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Hemorrhoids Unite, the first arsehole to raise his hand is president.

  Re: Umm Aaaaa!! McAfee??
« Reply #1 on: November 04, 2009, 03:49:28 PM » by oz4me
I find it hard to sympathize........... Grin
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I am in your future.

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