In 2013, two obscure foreign companies, ArrivalStar and Melvino Technologies, filed 596 patent lawsuits, five times more than any other entity. If you’re feeling charitable, you could categorize both ArrivalStar and Melvino as patent monetization entities. But most people call them “patent trolls” — companies that exist mainly to profit off of America’s broken patent system, which experts say only the U.S. Congress can fix. When Congress returns this fall, among the laws awaiting its attention will be the Innovation Act —legislation that could end the mischievous patent lawsuits that many in the high-tech industry say are stifling American innovation and costing countless jobs.
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