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Patent Law

: Patent Troll Tracker

Nokia Sued for 17.7 Billion USD By IP Licensing Shop

By Troll Tracker

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That got your attention, didn't it? Thanks to a reader tip, we get a story from Cellular News that German IP licensing company IPCom GmbH & Co., KG, asserting German patents obtained from Robert Bosch GmbH, sued Nokia for $17.7B USD ($12B Euros) at the end of December in Manheim. IPCom is 50% owned by a private equity fund, Fortress Investment Group of Frankfurt, who is funding the legal action, according to the report. Heise Online reports that IPcom is an "exploiter of patents." For those who were wondering, yes, there are US counterparts. I think they're buying cowboy hats as we speak in Pullach (near Munich).

Full post as published by Patent Troll Tracker on January 31, 2008 (boomark / email).

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