FTC will probe PAEs, also known as "trolls"

09/29/2013 | Politico (Washington, D.C.) · Hill, The · Hill, The

The Federal Trade Commission will look into the practice of patent assertion entities that threaten to take companies to court if they fail to pay them license fees even though the PAEs -- which critics call "patent trolls" -- manufacture no products themselves, the agency announced Friday. Trade groups representing technology companies cheered the FTC's move but warned that congressional action was still needed to fix the problem.

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Politico (Washington, D.C.) · Hill, The · Hill, The