Displaying items by tag: Pantet System

We have often written that the continuous stream of patent lawsuits and injunctions that are pushed around the globe are costly, dangerous and anti-consumer, but now someone has actually gone out and done the math to find out just how much damage they do per year. The study performed by James E. Bessen and Michael E Meurer both from the Boston University School of Law states that in 2011 more than $29 Billion (with a B) in direct costs were incurred all because of what are called Non-Practicing Entities (most call them patent trolls). This $29 Billion also came during a down economy and affected small to medium sized businesses the most.