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CTA Applauds FTC for Release of New Study on the Damage Caused by Patent Trolls

Arlington, VA – October 6, 2016 – 

The following statement is attributed to Gary Shapiro, president and CEO, Consumer Technology Association (CTA)™, regarding today’s release of a Federal Trade Commission (FTC) report, “Patent Assertion Entity Activity: An FTC Study”:

“We applaud the FTC for shedding light on how sleazy so-called  patent assertion entities—(known as patent trolls)—operate. The report documents the unjust businesses practices of those who threaten litigation and file frivolous lawsuits to extort American businesses.

“We are pleased that the FTC report calls for many of the critical reforms for which CTA is advocating, including heightened pleading standards and discovery reforms that would make these illegitimate troll cases more transparent and help victims fight back. Moreover, the findings from this report underscore the need to pass legislation such as the Innovation Act, the PATENT Act, and the VENUE Act to preserve our nation’s entrepreneurial spirit and grow our innovation economy. We look forward to working with the FTC and Congress to stop patent trolls from killing American jobs and extorting $1.5 billion per week from our economy.