Who Helped Kill Patent Troll Reform In the Senate

First time accepted submitter VT-802-Software (3663479) writes "A bipartisan proposal to curb patent trolls was shelved by the chairman of the Senate Judiciary Committee, Patrick Leahy (D-Vt.) Wednesday. 'Supporters of the compromise accuse trial lawyers, universities, pharmaceutical companies and biotech companies for foiling the plan at the eleventh hour. As late as Tuesday, the University of Vermont and a biotech coalition each sent letters to Leahy opposing the legislation. "We believe the measures in the legislation go far beyond what is necessary or desirable to combat abusive patent litigation, and would do serious damage to the patent system," reads one of the letters. "Many of the provisions would have the effect of treating every patent holder as a patent troll."'"

Comments

Re:Supporters of the plan accuse...

[Crypto Gnome]

You, sir, are a complete IDIOT!,

The money that universities make off their patents doesn't go into the pockets of some mysterious investor but BACK INTO FUNDING THE UNIVERSITY.

As a direct result of being able to profit from their patented research universities can afford to do more (or more expensive) research without having to dip into TAX DOLLARS to do so.