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Patent assertion entities plague innovation in Pa.

Perhaps no single issue is a bigger threat to American innovation and entrepreneurship in Pennsylvania than the plague of patent assertion entities, which drain $1.5 billion from the U.S. economy every week. Better known as “patent trolls,” they are the very antithesis of entrepreneurs. They don’t actually create any products or provide any services, but instead acquire dormant patents and then file suit (or threaten to) against real entrepreneurs and startup firms, vaguely contending that the legitimate businesses are infringing on those patents.

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United for Patent Reform (UFPR) today issued the following statement in opposition of the recently introduced PREVAIL Act, a bill that would essentially repeal a fundamental pillar of the America Inve

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