jm + scams + patents + amex   1

Intellectual Ventures' Evil Knows No Bounds: Buys Patent AmEx Donated For Public Good... And Starts Suing
The problem with software patents, part XVII.
So you have a situation where even when the original patent holder donated the patent for "the public good," sooner or later, an obnoxious patent troll like IV comes along and turns it into a weapon.
Again: AmEx patented those little numbers on your credit card, and then for the good of the industry and consumer protection donated the patent to a non-profit, who promised not to enforce the patent against banks... and then proceeded to sell the patent to Intellectual Ventures who is now suing banks over it.
intellectual-ventures  scams  patents  swpats  shakedown  banking  cvv  american-express  banks  amex  cmaf 
october 2013 by jm

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