In the May issue of Risk & Insurance, Lori Johnson provided guidance on how to protect a business from patent trolls. Patent trolls are a pain point for many businesses, and even when infringement claims are weak, many companies opt to settle to avoid having to spend millions in court defending them. Johnson works with several large companies that budget for patent infringement claims by trolls and other entities rather than purchasing insurance to protect themselves. However she cautions, startups should consider buying insurance, because many troll suits target the software within their websites. “The asserted patents may have little to do with the underlying business the startup is engaged in,” Johnson said. For the full article, visit here.
- News & Analysis