All Our Shopping Cart are NOT Belong to You, or
Screw You, Patent Troll
Appeals court invalidates three patents that Soverain was using to claim ownership of online shopping carts and file suits against online retailers. (Ruling PDF link) Soverain loses the $2.5M it had won from Newegg, as well as almost $18M plus a ~1% "running royalty" it had won from Victoria's Secret and Avon. (And it has many other lawsuits pending.)
For Newegg's chief legal officer Lee Cheng, it's a huge validation of the strategy the company decided to pursue back in 2007: not to settle with patent trolls. Ever.
"We basically took a look at this situation and said, this is bullshit," said Cheng in an interview with Ars [Technica]. "We saw that if we paid off this patent holder, we'd have to pay off every patent holder this same amount. This is the first case we took all the way to trial. And now, nobody has to pay Soverain jack squat for these patents."