Nathan Myhrvold
Nathan Myhrvold

Continuing their campaign of suing banks, Intellectual Ventures has filed patent infringement lawsuits against Bank of America and BBVA Compass Bank. This is the third time in as many weeks that Nathan Myhrvold’s patent holding company has filed suits against members of the financial sector — a rapid litigation pace which indicates that large banks have chosen not to play ball with the former Microsoft CTO.

Those two banks join four others, including First National Bank of Omaha, Fifth Third Bank, PNC and JP Morgan Chase, which have been sued by the firm.

“Despite attempts at productive licensing discussions, we were not able to reach an agreement with either company and as a result, we’ve filed patent infringement complaints to stop the unlicensed use of our patents,” the company wrote in a blog post about the new litigation.

The lawsuits come amid increased scrutiny of patent holding firms, with President Barack Obama last week issuing a five-point plan to curb the activities of firms which largely use patents as a weapon.

Previously on GeekWire: Watch out, Intellectual Ventures? President Obama says enough with patent shenanigansThis American Life: Intellectual Ventures got 90% of ongoing profits even after selling patent

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  • SeriouslyIV

    You’re a douchebag Mr. Myhrvold
    You really are a heel.
    You’re as cuddly as a cactus,
    And as charming as an eel,
    Mr. Myhrvold!
    You’re a bad banana,
    With a greasy black peel!
    You’re a monster, Mr. Myhrvold!
    Your heart’s an empty hole.
    Your brain is full of spiders.
    You’ve got herpes in your soul,
    Mr. Myhrvold!
    I wouldn’t touch you
    With a thirty-nine-and-a-half foot pole!
    You’re a vile one, Mr. Myhrvold!
    You have methadone in your smile.
    You have all the tender sweetness
    Of a seasick crocodile,
    Mr. Myhrvold!
    Given the choice between the two of you,
    I’d take the seasick crocodile!
    You’re a douchebag, Mr. Myhrvold!
    You’re a nasty, wasty skunk!
    Your heart is full of unwashed socks.
    Your soul is full of gunk,
    Mr. Myhrvold!
    The three words that best describe you
    Are as follows, and I quote,
    “Dick, douche, chump!”
    You’re a rotter, Mr. Myhrvold!
    You’re the king of sinful sots!
    Your heart’s a dead tomato,
    Splotched with moldy, purple spots,
    Mr. Myhrvold!
    Your soul is an apalling dump-heap,
    Overflowing with the most disgraceful
    assortment of deplorable rubbish imaginable,
    Mangled-up in tangled-up knots!
    You nauseate me, Mr. Myhrvold!
    With a nauseous super naus!
    You’re a crooked jerky jockey,
    And you drive a crooked hoss,
    Mr. Myhrvold!
    You’re a three-decker sauerkraut
    and toadstool sandwich,
    With arsenic sauce!

    Cheers to Dr. Seuss for the inspiration for this parody version, aptly applied to Intellectual Ventures.

    • Guest

      Dr Seuss is a good proxy for the maturity level of most IV detractors. Instead of rational adult debate on the pros and cons of their business model, we get drivel like yours.

      • SeriouslyIV

        I just try to equal the maturity level of IV and their lawyers who feign ignorance when non practicing entities sue companies. Cheers IV PR woman, you must hate This American Life too =(

        And really, you hate Dr. Seuss? Or are you just upset you couldn’t sue him too with a patent for: “Method for linking words with matching acoustic tones.”

    • Harsh Reality

      Yawn. Hate the game, not the player.

      • SeriouslyIV

        Ridiculous logic, I guess you must think that it’s okay for a company like backpage (village voice media) to enable underage sex slavery too. Should we hate the “game” and just wash our hands of the whole matter?

        There’s a huge difference between what is legally permissible and what is morally obligatory.

  • RealityAlwaysBites

    Patent trolls are detrimental to mankind, they create nothing yet take profits from legitimate creators of real wealth. Time to overhaul the patent system, if you aren’t actively developing a patents technology it automatically reverts to public domain, never to be patented again. Would stop all trolls in their tracks.

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