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Tech Companies Swimming In Lawsuits

Posted by Zonk on from the innovation-leads-to-litigation dept.

conq writes "A new survey shows that the tech industry places third after healthcare and energy companies in the number of lawsuits it deals with. It states that an average tech company faces 42 lawsuits currently, more than the insurance industry!" From the article: "An average U.S. technology company currently faces 42 lawsuits vs. 37 lawsuit for an average company. The tech industry places third, after healthcare and energy companies, in the number of lawsuits it deals with ... Needless to say, that's quite expensive. Nearly a third of these companies spend more than 2% of their gross revenue on legal expenses, according to one of the largest surveys of corporate counsel in America."

10 of 147 comments (clear)

  1. 42 is the answer. by Anonymous Coward · · Score: 5, Funny

    NOW! we know the question!

  2. Overdue Justice by Anonymous Coward · · Score: 2, Funny

    My favorite tech company lawsuit being the CEO of Savvis, from which I was laid off from. This news made my Friday. Jerk.

  3. The ultimate question by ajdlinux · · Score: 2, Funny

    How many lawsuits does a tech company face?

    --
    Get free domains here

  4. Re:When the average is 37 lawsuits... by Trigun · · Score: 2, Funny

    I hate to reply to my own post, but look what the top poll choice is on the Slashpoll.
    I read EULAs:
    with my lawyer
    with deep suspicion and paranoia
    with due care and attention
    with my scroll wheel
    with CowboyNeal
    I Agree

  5. Clearly what we need here are... by Bin_jammin · · Score: 4, Funny

    more software patents. That will solve almost all legal woes with clear cut lines of IP ownership.

  6. Did you hear about the little old lady? by Argonne · · Score: 5, Funny

    She sued a tech firm after she spilled GTA "Hot Coffee" in her laptop.

  7. Question by Spy+der+Mann · · Score: 3, Funny

    How many of these lawsuits involve "Intellectual Property" (copyright / RIAA subpoenas / patents),spamming or spyware?

    Just curious.

  8. 42! by MarcoPon · · Score: 4, Funny
    Not 41, or 43.
    42!

    When a number say it all. Lawsuits are the final answer!

    --

    SeqBox
  9. In other news...... by rune2 · · Score: 3, Funny

    This is one area where SCO is waaayy ahead of the average... pffft only 42 lawsuits...

  10. Swimming in lawsuits? by mysidia · · Score: 3, Funny

    More like sinking in lawsuits, maybe. When innovation is replaced with litigation, What other eventual outcome is to be expected?