$11.4 billion is wasted each year on software patent litigation, according to the End Software Patents coalition. How did it get to the $11.4 billion figure?Dan Ravicher of the Public Patent Foundation estimates that 55 software patent suits are ﬁled every week. The American Intellectual Property Lawyer's Association states that a single mid-sized patent suit costs $4 million to litigate.
That's a lot of billable hours. However, it's perhaps not surprising given that patent swine like Global Holdings illegitimately attempt to extort patent royalties from unsuspecting enterprises:… Read more