- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
A Texas-based firm called TPQ Development has been filing hundreds of patent violation cases against companies such as tech giants Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG) in the hopes of making big money. The latest targets of patent troll TPQ include Intel (NASDAQ:INTC), Wind River, and Hertz (NYSE:HTZ), with the allegation that these companies violated a patent for using a shared seed value to generate pseudo-random key values at transmitter and receiver.
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.
“The business model is based on the fact that the cost of defending a lawsuit and the risk of a large damages award as a result of being found to infringe a patent is so high that it’s worth paying a perhaps substantial sum of money in order to extricate yourself from that lawsuit. When you scale that up to hundreds of companies there’s quite a bit of money to be made,” said Jim Denaro, an attorney for the CipherLaw Group.
Having filed a hundred patent infringement cases in the last year, it appears as though TPQ will not stop trolling anytime in the near future.
Don’t Miss: Google Has These New Revenue Growth Plans.
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.