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Damages report reveals patent litigation is not value for money


By Shannon Sweeney

26 June 2014 at 11:02 BST


Going to court to litigate patents is costly and does not produce value for money, according to a new report.

Lex Machina found that 708 cases involve damage rewards, but total awards made in these cases involved significant dollar amounts Andrey_Popov

Lex Machina has released a Patent Litigation Damages Report, which analyses total and median damages awarded in 36,629 patent cases filed and terminated from 2000 through 2013. A provider of Legal Analytics for law firms and companies, Lex Machina'sreport found that 708 cases involve damage rewards, but total awards made in these cases involved significant dollar amounts. More than $15 billion in damages, fees, costs and interest have been awarded since 2000, the report finds. The 10 largest awards account for nearly half the $15 billion total, while the median is about $400,000 and is far less than the typical cost of litigating a patent case to come to a verdict. To put a patent case through trial, it costs about $3 to 5 million. The report aims to provide patent litigators with information about case strategies and tactics to produce favourable results, Owen Byrd, Lex Machina's  general counsel told Digital Journal. Source: Digital Journal

 
   
 
 
 

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