The Retail Industry Leaders Association (RILA) issued the following statement in response to the White House plan to reign in the activities of patent trolls. Retailers have increasingly become ensnared by frivolous lawsuits brought by patent trolls filed with the singular intent of generating settlements.
“We welcome President Obama’s focus on this important issue. Increasingly, retailers are forced to defend themselves against infringement suits simply for using off-the-shelf products that incorporate patented technology,” said Bill Hughes, senior vice president for government affairs. “The prospect of costly litigation to resolve even the most dubious of claims enables patent trolls to generate settlements that neither reflect the intent of the law nor the actual value of their claims. Meaningful action must be taken to reign in this abusive practice.”
RILA is the trade association of the world’s largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad.