CEA Says No to Patent Trolls
SHIELD Act would discourage baseless lawsuits, says CEA CEO Gary Shapiro
The Consumer Electronics Association is sick of the high price of defending patents and wants to end baseless lawsuits, espcially from so-called patent trolls – folks who buy up patents for no other reason than to collect fees from potential infringers.
CEA announced today its Support of the Saving High-Tech Innovators from Egregious Legal Disputes (SHIELD) Act, introduced by by Rep. Peter DeFazio (D-Ore.) and Rep. Jason Chaffetz (R-Utah).
“If we want to build American businesses and create jobs, we need to change the law that encourages baseless but disruptive legal threats for American businesses,” says CEA chief Gary Shapiro. “A successful defense of a patent lawsuit costs upwards of a million dollars, so many small businesses and startups cannot fight back or get funding to continue their businesses.”
Current law encourages “unethical patent trolls,” Shapiro says. “The SHIELD Act allows the losing litigant to be assessed legal fees, a helpful and sensible first step to strike back at patent trolls, and [disincentivize] baseless lawsuits.
NewsI Blame Circuit City for the Tech Labor Crisis
HVAC Contractor Stays ‘Relevant’ by Installing Home Automation
Elk C1M1 Dual-Path Communicator for Reliable Interactive Security, No Extra Fees
2 Big Reasons You Should Really Be Tracking Your Time (and How to Get Started)
Suburban Buffalo Dealer Wins Builder Business with Multiple Products
View more News