His Excellency Ólafur Ragnar Grímsson, President of IcelandDate: Tue, April 22, 2014
Time: 6:30 PM
People and Ice: The New Significance of the Arctic and the Himalayas
The 17th Annual Travers Conference: Ethics and Accountability in GovernmentDate: Thu, May 01, 2014
Time: 9:00 AM
John A. Amster: Patents in the Boardroom – The Truth Behind the HeadlinesDate: Thu, December 04, 2014
Time: 6:00 PM
John A. Amster, CEO and Co-founder, RPX Corporation
Patents have been big news in recent years. Large electronics rivals have made headlines by waging high-stakes legal battles over infringement of smartphone patents. Bankrupt companies have auctioned off their patent portfolios for hundreds of millions – or even billions – of dollars. The most significant development affecting patents, however, has been the rise of non-practicing entities (NPEs), also known as “patent trolls.” NPEs acquire patents and litigate them to extract license payments or legal settlements from an allegedly infringing company. Operating companies spent nearly $11 billion dealing with NPE litigation in 2012 alone.
RPX CEO and Co-founder Amster will describe how patents have been transformed from legal protection of a novel invention into a major source of operating risk. Today, owners of patents are monetizing their value through costly and inefficient legal processes. The discussion will focus on a different perspective: how patents can and should be transacted using market mechanisms instead, and in the process, save operating companies billions of dollars every year.