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Patent Pirates: Hedge funds and institutional investors are financing the latest wave of IP lawsuits.

Date: May 7, 2007
Author: Nathan Vardi
QUOTE: the Supreme Court limited the ability of small outfits in patent cases to get injunctions against large companies. Meantime, there's a proposal by Democrats in Congress for patent reform legislation, backed by the likes of Intel and Microsoft, that would put an end to triple-infringement damages. But the new funds are still tempted by huge verdicts such as Alcatel-Lucent's $1.5 billion patent victory over Microsoft in February and NTP's $612 million settlement with Research in Motion.

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