FTC reportedly planning sweeping probe of patent trolls
The chairwoman of the Federal Trade Commission is expected Thursday to propose a sweeping inquiry into companies created to extract licensing fees from other companies rather than make products based on their patents, according to The New York Times.
FTC Chairwoman Edith Ramirez will ask the full commission to support a proposal for an investigation that would include subpoenaing patent assertion entities (PAE), also known as patent trolls, The Times reports. The move comes after the Obama administration announced a set of executive actions earlier this month aimed at reining in certain PAEs amid concerns they are abusing the current … Read more
