IBM joins LOT Network to thwart patent trolls

▤ Summary

IBM on Tuesday announced its joining the LOT Network, a nonprofit group of companies that aims to thwart patent trolls. With a membership of more than 600 companies of all sizes, the LOT Network includes more than 2 million patent assets. If any of them fall into the hands of a PAE, LOT Network members automatically receive a license to that patent. "IBM has a strong track record of patenting innovation, and a sophisticated IP business," LOT Network CEO Ken Seddon said in a statement. According to the LOT Network, companies lose $80 billion each year on patent troll litigation.

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