M·CAM’s David Pratt featured in today’s Austin Statesman article by Dan Zehr entitled, “In Austin, Cornyn pushes patent-abuse bill”

Date:  Fri, 2013-05-31

As Reprinted from the Austin Statesman, AUSTIN, TX – May 30, 2013 Full Article:HERE.

“Sen. John Cornyn, R-Texas, met with a group of Austin’s high-tech officials Thursday to collect feedback on a new bill designed to reduce the number of frivolous patents lawsuits brought by “patent trolls.” The Patent Abuse Reduction Act, which Cornyn filed last week, would heighten requirements and, potentially, costs for plaintiffs in patent lawsuits with little or no merit…” Bill text and summary: HERE. Senator Cornyn came to Austin, TX to explain concepts in the bill.

M·CAM President, David Pratt had several comments in the article: “Such cases are often brought by entities “that make nothing and sell nothing,” said David Pratt, president of M-CAM Inc., a patent advisory firm based in Charlottesville, Va. “The patents in many cases are extraordinarily vague.” Because discovery costs can easily run into the millions of dollars, mostly on the defendant’s tab, Pratt said, “patent trolls” typically file vague claims and offer settlements to drop the suit before discovery.”