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The Pride in Patent Ownership Act is Big Tech Boondoggling

IP Watchdog

The Pride in Patent Ownership Act, S.2774, Attaching the Pride in Patent Ownership Act to the NDAA means it will certainly become law. Attaching the Pride in Patent Ownership Act to the NDAA means it will certainly become law. 2774, is currently being attached to the National Defense Authorization Act (NDAA).

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Coons and Hirono Raise Concerns Over Pride in Patent Ownership Act Penalties

IP Watchdog

During a hearing of the Senate Judiciary Committee’s IP Subcommittee today, Senators Chris Coons (D-DE) and Mazie Hirono (D-HI) were the only senators present to question the Pride in Patent Ownership Act’s (PPOA’s) approach to penalizing patent owners who fail to record accurate ownership information within 90 days after the issuance date.

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US Inventor Arguments for Opposing the Pride in Patent Ownership Act Fall Short on the Merits

IP Watchdog

Last September, a bipartisan pair of Senators introduced the Pride in Patent Ownership Act, which, if passed, would add greatly-needed transparency to our patent system. Right now, inventors, businesses, and other interested members of the public often have to undertake time consuming and expensive litigation to determine who owns a patent.

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Fraudulent Trademark Ownership Claims Lead to Near $4 Million Punitive Damages Verdict

IP Watchdog

District Judge James Selna granted a motion for sanctions after finding that ConsumerDirect fraudulently represented its ownership of unregistered trademarks while obtaining a preliminary injunction in U.S. On November 8, a Central California jury entered a verdict awarding $3.9 The verdict comes weeks after U.S.

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Federal Circuit Says Minority Ownership Interest Isn’t Enough for Standing to Seek Trademark Cancellation

IP Watchdog

Court of Appeals for the Federal Circuit (CAFC) on Thursday, May 23, affirmed a Trademark Trial and Appeal Board (TTAB) decision that found a party with only a minority ownership interest in the owner of allegedly infringed marks did not have standing to seek cancellation of the marks.

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The Race Between Tech Companies for Patent Ownership in the Development of Immersive Virtual Experiences

IPilogue

One notable example is Meta’s (formerly known as Facebook) ownership of a wearable magnet technology that can track a user’s body poses when worn around the torso. As the patent collections of large corporations grow and products begin to materialize, one should expect an increase in patent litigation surrounding virtual reality soon.

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Ownership Claim Over NFT Sotheby's Sold For $1.5M Tossed

IP Law 360

million, saying on Friday it appeared the litigation is an "attempt to exploit open questions of ownership in the still-developing NFT field." A New York federal judge dismissed a Canadian entity's lawsuit claiming to own Quantum, a digital artwork certified by a non-fungible token that Sotheby's sold for $1.47