Attorney General Schneiderman settles "patent troll" lawsuit

New York State’s Attorney General Eric Schneiderman has reached a civil settlement with a Delaware firm that used deceptive practices to get businesses to pay more money for patent licenses. The settlement requires the company to, before filing any patent infringement lawsuits, reveal the true identity of the targets of the suit, describe with "reasonable specificity" its claims, and have a good faith basis for claiming infringements. The settlement provides guidelines to assure that patent trolls do not use improper tactics going forward in New York. 

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