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Against Monopoly

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Monopoly corrupts. Absolute monopoly corrupts absolutely.





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Centocor v. Abbott: Biggest Patent Verdict Ever.

From a post by Joe Mullin: Centocor v. Abbott: Biggest Patent Verdict Ever.:
This afternoon, a jury in Marshall, Texas, awarded the largest patent verdict in history: Abbott Laboratories must pay $1.67 billion to Centocor, a subsidiary of Johnson & Johnson, because its Humira arthritis treatment infringes U.S. Patent No. 7,070,775. ... The jury deliberated for five hours before issuing the verdict, which specifies $1.17 billion for lost profits and $504 million as a reasonable royalty.
As I noted here, referring to a $1.92 million verdict against Jammie Thomas for "illegally" sharing 24 songs, "The pro-IP libertarians ought to hang their heads in shame. If they support this result, it's unthinkably evil. If they oppose it-well, they really can't, can they, since this is the result of having a state-run IP system-of having a state at all."

[Cross-posted at StephanKinsella.com and Mises blog]


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From http://www.bloomberg.com/apps/news?pid=20601103&sid=ai9qZo._7.sw

"The trial was held in a court known for its patent litigation. The Eastern District of Texas, which includes Marshall, had the most new patent-infringement lawsuits filed of any district in the U.S. last year. There were 322 suits filed there in the year ended Sept. 30, or 11 percent of all new patent suits in the U.S., according to the Administrative Office of the Courts.

Patent owners have won 77 percent of trials in Marshall, compared with a 59 percent win rate nationwide, said Greg Upchurch, director of research for St. Louis-based LegalMetric Inc., which compiles litigation data for law firms and companies."


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