Alexander Poltorak, General Patent Corporation’s founder and CEO, was quoted in this article that covered the conclusion of Apple and Samsung’s four-year legal battle. Commenting on Apple's inability to receive injunctive relief after receiving a verdict of infringement, Dr. Poltorak observed, "This raised the question about the very nature of our patent system,” and added “If a patent is no longer the right to exclude, what is it? Are we moving away from the traditional U.S. patent regime with strong exclusionary right, as mandated by our Constitution, to the European-style compulsory license regime?" read more
GPC Media Coverage
GPC CEO Alexander Poltorak was quoted in an article on Law.com in his capacity as President of American Innovators for Patent Reform (AIPR). ("IP Groups Express Unease Over Patent Reform Bill" Law.com − December 4, 2013 − free registration required)
Article excerpt: The House bill's fee-shifting language, in particular, is disastrous for inventors without deep pockets, said Alexander Poltorak, founder and president of American Innovators for Patent Reform, a coalition of inventors, companies and licensing executives.
"This will deter any independent, inventor, startup company or university from ever asserting patents," Poltorak said.
The Wall Street Journal carried the news that Alexander Poltorak, GPC's Chairman and CEO, has joined Spherix Incorporated as a member of its Board of Directors. ("General Patent Corporation Chairman and CEO Alexander Poltorak Joins Spherix Board" Wall Street Journal - October 29, 2013)
Excerpt: Spherix Incorporated (NASDAQ: SPEX), an intellectual property development company committed to the fostering and monetization of intellectual property, announced today that Alexander Poltorak has been appointed to Spherix's Board of Directors, effective October 28, 2013.
"We are very pleased that Alex accepted our invitation to join Spherix's board," said Spherix's CEO and President, Anthony Hayes. "Alex's extensive experience in the patent monetization industry will provide valuable governance leadership to Spherix. He will be a great addition to our board. We are excited and privileged to have Alex join our board."
Blogger Matt Gorniak offered several reasons why it makes sense for businesses to file for patent protection as soon as possible. In comparing the relatively low cost of filing a patent application with the astronomical median cost of defending yourself in a patent lawsuit, Gorniak quotes GPC's Alexander Poltorak. ("Matt Gorniak: File as Soon as Possible" Wall Street Journal Blogs - October 18, 2013)
Article excerpt: Research supports filing early, too. Filing a patent application with the USPTO can be done for $10,000 to $20,000 if you find a good IP lawyer that specializes in startups.
Alexander Poltorak, GPC's Chairman and CEO, attended a forum on nonpracticing entity litigation organized by the New York Intellectual Property Law Association and was one of the few attendees to question whether patent trolls are the villains they are made out to be. ("Lawyers' Voices Needed In Anti-Troll Debate, Judge Says" Law360.com - October 10, 2013)
Article excerpt: The task of defending nonpracticing entities at the event fell to Alexander Poltorak, CEO of the patent licensing and enforcement firm General Patent Corp.
He said, "I don't see the big deal with patent trolls," since a patent is nothing but a license to sue and nothing in patent law requires that a patentee make products that practice the patent. Much of the agitation for action to curb nonpracticing entities comes from large tech companies that just want to cut their litigation costs, he said.
GPC's Vice President of Marketing, Alec Schibanoff, was quoted in an article on InsideCounsel.com that explores the link between patents and innovation - and how recently enacted patent reforms have changed the process of inventing and patenting. ("New patent laws change the course of innovation" Inside Counsel - September 16, 2013)
Article excerpt: Patents and intellectual property are hot topics in the news these days, and it seems like you can’t open the newspaper without reading about another lawsuit filed over patent or IP infringement. But, as these cases tear through the courtrooms, the question remains: “Do patents spur innovation?”
As Alec Schibanoff, vice president of marketing at the General Patent Corporation, puts it, patents are a foundational aspect of the American spirit of innovation:
Microsoft entered into a deal with Nokia this month to purchase almost all of Nokia's Devices & Services business, license Nokia's patents, and license and use Nokia's mapping services, according to a Microsoft press release. The way the deal is structured has raised some eyebrows, since the IP isn't being sold along with the rest of the business. Alexander Poltorak talked to the Financial Times (FT.com) about why this kind of transaction makes good financial sense for Nokia. ("Nokia patents bump up cost for Microsoft" Financial Times - September 4, 2013) (Registration required)
Patent attorney and IP expert Gene Quinn wrote about the patent enforcement success of GPC subsidiary Data Distribution Technologies LLC (DDT) in his popular IP Watchdog blog. ("General Patent Settles Patent Litigation with Realtors" IPWatchdog.com - July 22, 2013)
Quinn provides an overview of GPC's recent settlements with Weichert Lead Network and RE/MAX LLC on DDT's behalf. His article also provides a concise but very clear summary of DDT's patented technology and the ways it can be used for applications such as real estate databases that are edited by subscribers.
The Wall Street Journal's MarketWatch.com ran the story of the settlement between GPC and RE/MAX on behalf of GPC's subsidiary, Data Distribution Technologies. ("General Patent Corporation and RE/MAX Settle Patent Infringement Lawsuit" MarketWatch.com - July 11, 2013)