I thought patent trolls set up a shell company for each litigation effort, then "license" the patents to the shell, and proceed to litigate from within the shell, with the intent that if it turns out badly for them, they fold the asset-less shell, and collection is thus impossible. Is anyone familiar with patent trolls' business model, and can comment on the feasibility of actually collecting a judgement like this?
can't courts work around this in extra ordinary cases?
This is why they sue the patent holder too I guess.
This is a p/r piece from the winning pharma company. Would be nice to have a more independent source. There are varying degree of scummy-ness in the patent world. It's possible that Thermalife is like a Intellectual Ventures or a MPEG-LA, particularly if they are somehow affiliated with Stanford. Recognize that some people may consider the later two to be patent trolls, as well.
Hi-Tech isn't a pharmaceutical company in the way most HN readers would interpret. It's a "neutraceutical" company whose major market appears to be gym rats. See https://hitechpharma.com.
For clarity, that's "Leland Stanford Junior University"
submission title was already too long, Stanford University wouldn't fit, "Leland Stanford Junior University"[1] even less :)
"Pharma Company Wins $1M in legal fees from Patent Troll & Stanford University"
How about that? 78 characters long (within the 80char HN title limit).
Leland Stanford Junior University is the longform name of the Stanford in Palo Alto we all know.
Yup. I feel like I won a small prize at some point on a campus tour for knowing this fact.
I think the long form is less clear - Stanford University is the common name. Stanford is a fine and commonly used abbreviation. Many people don't know the full, long name.
One point of confusion is that there's a Stanford Health Care, despised corporation with some relationship to the school but not exactly the same thing.