This #WorldIPDay highlighted the sports industry, but Main Street businesses across the U.S. are facing the consequences of the PTO's recent actions to weaken the PTAB. We need a patent system that helps Main Street fight off frivolous, costly lawsuits from patent trolls.
@HiTechInventors@uspto Better question is why are the PTO considering these rules? They may believe it will result is larger financial income that they desperately need
Who’s backing the proposed @USPTO rules? Patent trolls. Fortress Investment Group—a multibillion-dollar hedge fund owned by Abu Dhabi interests—submitted a comment in support.🌐It builds nothing in the U.S. but invests heavily in patent litigation against American companies.💵
.@USPTO’s single-minded prioritization of patent owners is empowering foreign entities and turning our patent system into a tool for abuse. It should adopt PTAB rules that put U.S. companies first—not patent trolls and foreign patentees. Learn more: https://t.co/9Yu7Ar30me.
The USPTO’s proposed rules would let foreign adversaries game the patent system. 🎮 Even a failed challenge from years ago could permanently block PTAB review, giving foreign patent trolls a green light 🚦 to ramp up abusive litigation against U.S. businesses.
@HiTechInventors@uspto According to Google AI - USPTO lost $196.1 Million last year so they need to increase Patent Sales? Maybe trying to increase Patent Confidence by gutting Invalidation Rates?
Why is @USPTO making it easier for patent trolls and foreign entities to drain resources from U.S. companies? Gutting IPR isn't America First — it's America Last. Learn more: https://t.co/rBok7CdiNf.
🚨ICYMI: @USPTO gutting IPR is costing American businesses millions in legal fees, draining R&D budgets, and sending patent troll suits surging. @NRFnews Stephanie Martz in @dcexaminer on why that has to change: https://t.co/7tJKC4Gd2G.
At the USPTO hearing, @RepFitzgerald highlighted the real cost of weakening PTAB, noting patent litigation in district court costs $5M on average — ten times more than PTAB. 💸 American innovators can't afford to lose their most affordable path to challenging bad patents.
Congress solved the patent troll crisis once with the America Invents Act and the IPR process. Now @USPTO is dismantling it, flying in the face of congressional intent. @NRFnews Stephanie Martz makes the case in @dcexaminer: https://t.co/7tJKC4FFd8.
.@RepZoeLofgren: "The institution rate has collapsed, not because petitions lack merit, but because barriers are being applied that Congress never authorized." We couldn't agree more. @USPTO doesn't get to rewrite the AIA — only Congress has the authority to change the law. 🏛️📜
.@RepZoeLofgren called out Director Squires during the @USPTO hearing on his changes to PTAB without authorization: "the agency's institution rate has collapsed, not because the petitions lack merit, but because barriers are being applied that Congress never authorized.”
Thank you @repdarrellissa for holding the USPTO oversight hearing and standing up for an accessible IPR process. 🤝 American innovators depend on IPR to fight invalid patents from trolls and foreign entities - we can't let that be dismantled.
ICYMI: @HouseJudiciary and @JudiciaryGOP questioned @USPTO Director John Squires’ policies that cripple the IPR process ⚖️
IPR is a critical safeguard that allows for the review of invalid patents, and gutting it creates a ripple effect that impacts businesses of all sizes 🏪
What's at stake: @USPTO has crippled the IPR process, leaving U.S. businesses exposed to abusive litigation that stifles competition and drains resources.
@HouseJudiciary & @JudiciaryGOP need to hold Director Squires accountable.
📺 Tune in at 10:00am: https://t.co/odCN1Yzf5e.