Wed, Feb. 11, 12:56 PM
Wed, Feb. 11, 11:08 AM
- Worlds (OTCQB:WDDD) has added Activision's (NASDAQ:ATVI) recently-launched World of Warcraft: Warlords of Draenor and Call of Duty: Advanced Warfare to its existing infringement suit (handled by a Massachusetts federal court) against the game developer.
- A ruling on an Oct. 2014 Markman hearing for the suit, which revolves around patents relating to 3D virtual worlds within MMORPGs, is expected soon. Worlds soared shortly after the Markman hearing was held.
Sun, Feb. 8, 3:32 PM
- Rep. Bob Goodlatte (R-VA) has introduced a new version of the Innovation Act, a bill aiming to make it tougher for IP licensing firms (often referred to by critics as patent trolls) to pursue infringement suits. The original Innovation Act was shelved 9 months ago by Sen. Pat Leahy (D-VT), reportedly at the behest of then-Senate Majority Leader Harry Reid (D-NV). With the Republicans now controlling the Senate, the new version might have better odds.
- Among other things, the bill: 1) Requires plaintiffs to disclose a patent's owner prior to litigation, and explain why they're suing a company in proceedings. 2) Requires courts to make a decision on a patent's validity early in the litigation process. 3) Requires judges to award attorney's fees to defendants for frivolous claims. 4) Requires the Judicial Conference to create rules lowering the costs of the discovery process during litigation, so that "patent trolls cannot use the high costs of discovery to extort money." 5) Creates "a voluntary process for small businesses to postpone expensive patent lawsuits."
- Not surprisingly, Goodlatte's bill has been praised by an IT/telecom trade group - "We finally have a bill that would create a bit of gridlock for patent trolls’ extortion schemes." And it has been harshly criticized by a trade group representing IP licensors. "[T]he bill being introduced is over broad and does not take into account the many developments that have taken place over the past year in the patent landscape..."
- As it is, the last two years have seen the White House issue executive actions and legislative proposals aimed at curtailing patent law abuses, the Supreme Court set limits on software patents (while upholding software's patentability), and lower federal courts issue a string of adverse rulings against various firms pursuing infringement claims.
- IP licensing firms: ACTG, VRNG, VHC, SPEX, WILN, MARA, FNJN, OTCQB:WDDD, PRKR, DSS
Tue, Jan. 20, 2:15 PM
- Worlds (OTCQB:WDDD +11.9%), Spherix (SPEX +6.5%), Wi-LAN (WILN +7.2%), ParkerVision (PRKR +4.3%), and Finjan (FNJN +4.9%) have joined Vringo (previous) in rallying after the Supreme Court ruled (by a 7-2 margin) in Teva Pharmaceuticals' favor in a patent suit against generic drugmakers, reversing a federal appeals court ruling invalidating a Teva patent and sending it back for further review.
- SA author Patent Plays thinks the ruling has big implications."The Supreme Court just eliminated a key power the US Court of Appeals has been frequently using in such cases as Vringo (VRNG), VirnetX, and many others. The ability to cast aside substantial evidence findings over the District Courts rule is effectively over ... This win cascades with ramifications to multiple PAE's (Patent Assertion Entities) with litigation pending and in force."
- The S.C. decision follows a string of 2014 setbacks for patent licensing firms.
Oct. 6, 2014, 11:47 AM
- The Massachusetts district court responsible for Worlds' (OTCQB:WDDD) infringement suit against Activision has finished a Markman hearing to address the construction of 11 patent claims asserted by Worlds. (PR)
- Worlds CEO Thom Kidrin: "The Markman Hearing's purpose was solely to focus on the meaning of the words in the claims and not import new meanings or point to infringement ... With this important step in the litigation process against Activision completed, we look forward to the court's ruling and scheduling the trial date."
- Worlds crashed in March after Activision was granted a summary judgment declaring Worlds patent claims covering online gaming virtual worlds to be invalid. However, the company is still able to allege infringement from the date of a USPTO certificate of correction. Many patent licensing firms have received unfavorable verdicts since the Supreme Court's June software patent ruling.
Aug. 15, 2014, 12:39 PM
- Worlds (OTCQB:WDDD -15.3%), Spherix (SPEX -5.8%) and Marathon Patent Group (MARA -3.6%) have sold off after a federal appeals court ruled against Vringo in its IP suit against Google, arguing the patent claims it has asserted are invalid due to obviousness.
- Notably, the court referenced a recent Supreme Court ruling that upheld the patentability of software concepts that advance or improve upon existing ideas, but also declared mere abstract software ideas on a computer can't be patented.
- Spherix is still well above where it traded before an AT&T settlement was disclosed on Monday.
Mar. 13, 2014, 10:26 AM
- The Massachusetts district court handling Worlds' (WDDD -59.1%) patent suit against Activision has allowed Activision's motion for a "summary judgment seeking a ruling that all of the asserted claims in the Patents-In-Suit are invalid."
- Worlds has alleged Activision's games infringe patents related to online gaming virtual worlds. The court ruled the patents are entitled to claim priority to Nov. 12, 1996 rather than Nov. 13, 1995, the filing date of a provisional application. By Nov. 12, 1996, products that "embodied all of the asserted claims of the Patents-in-Suit " were in public use for at least a year.
- Markman Advisors states the judge still indicated Worlds may have the opportunity to bring a case for future infringement.
- The court ruling (h/t Tom Shaughnessy)
WDDD vs. ETF Alternatives
Worlds Inc. (OTC QB:WDDD) is a leading intellectual property developer and licensee of patents related to 3D online virtual worlds. The Company has a portfolio of 9 US patents (6,219,045; 7,181,690; 7,493,558; 7,945,856; 8,082,501; 8,145,998; 8,161,385 8,407,592& 8,640,028) for multi-server... More
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