Apple and Intel Sue SoftBank-Owned Firm Over 'Endless, Meritless' Patent Lawsuits
Apple and Intel on Wednesday jointly filed a lawsuit against SoftBank-owned investment firm Fortress Investment Group, accusing the company of violating U.S. federal antitrust laws by pursuing "endless, meritless" patent litigation.
The complaint alleges that non-practicing patent assertion entities like Fortress aggressively pursue patent litigation against large companies like Apple and Intel, knowing that even if they lose several cases, they could eventually win a case with a large monetary reward that exceeds their losses.
Apple and Intel argue that Fortress-backed entities have "sought billions of dollars" from the two companies over the years, forcing both tech giants to spend "millions of dollars" on outside resources like counsel and expert witnesses to defend against Fortress-backed demands and assertions.
Fortress-backed entities like Uniloc, DSS Technology Management, and Seven Networks are also named in the lawsuit, first reported by Reuters. The complaint was filed in Northern California federal court.