CEA supports legislation to help protect innovators from patent trolls,...
CEA supports legislation to help protect innovators from patent trolls, President Gary Shapiro said Wednesday. The legislation, called the SHIELD Act (for Saving High-Tech Innovators from Egregious Legal Disputes), is co-sponsored by Reps. Peter DeFazio, D-Ore., and Jason Chaffetz, R-Utah,…
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and would allow tech companies to recover litigation costs of lawsuits where the plaintiff’s legal claims had little chance of succeeding. “If we want to build American businesses and create jobs, we need to change the law that encourages baseless but disruptive legal threats for American businesses,” Shapiro said. “A successful defense of a patent lawsuit costs upwards of a million dollars, so many small businesses and startups cannot fight back or get funding to continue their businesses.” Existing law “encourages unethical patent trolls,” and the SHIELD Act would “get it changed,” he said.