Patent Troll Values Its Entire Portfolio At $2, Goes Bankrupt (arstechnica.com)

mspohr shares a report from Ars Technica: In September 2018, Shipping & Transit LLC (formerly known as ArrivalStar) filed for Chapter 7 bankruptcy -- voluntary liquidation -- but no one seems to have noticed until the Electronic Frontier Foundation pointed it out on October 31. The company claimed that it held the patent on vehicle tracking and related alerts. But about 15 months ago, judges began to rule against Shipping & Transit for the first time. That seems to have put a damper on its entire business model.

Now, according to Shipping & Transit LLC's federal bankruptcy filings, its global patent holdings (34 in the United States and 29 elsewhere) are worth a whopping $2. Meanwhile, it owes more than $423,000 to numerous creditors, including banks, law firms, and something called the "West African Investment Trust," based in Geneva, Switzerland.

Comments

Also Judge Gilstrap heard 39% of troll cases

[raymorris]

On a similar note, 39% of of cases by high volume plaintiffs were heard by Judge Gilstrap in the Eastern District of Texas. He had 24% of all patent cases in the country. In other words, Judge Gilstrap was 39% of the problem.

Last year, the Supreme Court held in TC Heartland that patent plaintiffs can't venue shop like they used to. Now,
  Gilstrap is down to only 9% of all patent filings and 15% of HVP filings.

That's a big improvement. Getting of Gilstrap would be a major win. He's one guy.

Ps Judge Schroeder down to 3% from 19%

[raymorris]

Ps, while Gilsap previously had 39% of HVP filings, Judge Robert William Schroeder III, had 24%. That's 63% for just those two judges.

After TC Heartland, only 3% of filings go to Schroeder.

Some people think that to fix this we have to completely throw out the patent system. These two judges, two people, were 63% of the problem. Handle those two guys and you're most of the way there.