Patent troll wins $30M verdict against Sprint, has more trials on the way
26 06 2015A Nebraska jury has ordered Sprint to pay $30 million to Prism Technologies, a patent-holding company that has sued the five largest cell phone carriers.
Tuesday’s verdict (PDF) comes at a time when Congress is debating, for the second time in recent years, a bill to rein in companies like Prism, often referred to as “patent trolls.”
Prism Technologies was founded as a successor to Prism Resources, an operating company that existed from 1991 to 2001 according to an online biography of co-founder Richard Gregg, who testified at trial. The company is now focused solely on licensing and litigation, and it has continued to get more patents.
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