Law Would Force Patent Trolls To Pay For Failed Lawsuits Against Innovators

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http://techcrunch.com – America’s esteemed lawmakers want heavy penalties for those who abuse the patent system. A bipartisan bill has been proposed to force so-called patent trolls, those who hoard patents for the sole purpose of suing innovators, to pay the legal costs if their frivolous patent lawsuits fail in court. The Saving High-Tech Innovators from Egregious Legal Disputes (SHIELD) Act has been widely praised by major tech companies and acronym enthusiasts. “Patent trolls add no economic benefit to our nation,” said co-sponsor Representative Jason Chaffetz (CrunchGov Grade: A). Indeed, one s (IT news)