CEA Assails Apple Ruling
Gary Shapiro of CEA has come out swinging after this week's news that Apple has been ordered to pay $533 million over patents used in iTunes.
“This case is Exhibit A for patent reform. The patent troll in this case doesn’t produce any products and services, has zero employees and operates from an office across the street from the courthouse in the notoriously troll-friendly Eastern District of Texas," Shapiro said in a statement issued by CEA.
This sort of blatant patent extortion is exactly the reason why Congress needs to act now on patent reform. This is yet another of example of the tsunami of bogus patent claims that drain $1.5 billion a week from the U.S. economy. The only atypical aspect of this case is the defendant – the majority of patent troll victims are small firms without big legal budgets, who can easily be coerced into a settlement.”