More "Patent Parking" Extortion Slimeballs
Back in 1994, Richard Snyder, chairman and CEO of Forgent, said, "Forgent is committed to developing all of its assets and technologies to maximize shareholder value. We believe we will prevail in this litigation, as the '672 Patent is valid, enforceable and infringed." In 2001, Forgent retained Jenkens & Gilchrist, a national law firm, to assist Forgent in protecting its intellectual property from infringement through licensing and, if necessary, litigation, including those claimed in U.S. Patent No. 4,698,672 (the '672 Patent). On October 27, 2004 Forgent formally terminated its relationship with Jenkens & Gilchrest and retained Godwin Gruber to advise it in connection with the patent licensing program. Essentially what this company did was to embark on a professional extortion program with it's various patents, attempting to get revenues that way, since nothing else they were doing was making any money for the shareholders. The defendants identified in...