IPISC’s series of customer case studies, provide insights into the quality of patent protections provided to real world companies and individuals, and the obtained value of well-constructed and defended patents. Follow through the case studies below to discover the value of patent protection insurance when market competition increases.
An IPISC client that specializes in lighting components using LEDs and CFLs, was sued by a competitor for infringing some patents, the lawsuit being filed at the ITC. With the support of IPISC, the client was able to fight back and settle with the Plaintiff, with both sides agreeing to dismiss the ITC complaint and a patent re-examination challenge at the USPTO. The client paid at total of $92,000 in terms of premiums and a Self-Insured Retention, while IPISC covered an additional $243,000 of legal costs. (72% savings in costs for the client)
The IPISC client, Octane Fitness, was sued by a competitor, Icon Health, over two patents dealing with elliptical training machines. After some discovery, Icon Health agreed to dismiss all of the claims involving one patent. After further discovery and a Markman hearing, the district court ruled that Octane did not infringe. This ruling was upheld all the way to the Supreme Court. Additionally, IPISC’s client’s lawyers fought to overcome rigid rules for obtaining attorneys’ fees in such cases, also argued successfully up to the Supreme Court (with total IPISC support), resulting in a landmark decision, Octane Fitness v. Icon Health, which reshaped and relaxed rules for obtaining attorneys’ fees. The client paid approximately $400,000, while IPISC covered an an additional $1.7 million of legal costs. (81% savings in costs for the client)
An IPISC client was sued by a competitor over an electronic device patent. Lawyers for the IPISC client filed a re-examination request with the USPTO, for which the USPTO ruled that the patent was not novel and obvious. The court then dismissed the case with prejudice. The client paid $55,000, while IPISC covered an additional $143,000 of legal costs. (72% savings in costs for the client)
A patent troll accused the IPISC client of infringing some patents dealing with security software. The client’s lawyers discovered that the client’s software was sold over one year before the patents were filed. Upon presenting the information to the patent troll, the patent troll agreed to dismiss the case with prejudice. The client paid a total of $40,000, while IPISC covered an additional $39,000 of legal costs.(49% savings in costs for the client)
