Intellectual property matters have an indisputable link to competitive advantage. Our 2015 Patent Litigation Study provides a comprehensive analysis from a database of US patent infringement actions, which includes data from 1995 through 2014. The observations and trends identified in our analysis can help executives, legislators, and litigators assess their patent enforcement or defense strategies.
Loss Mitigation and Foreclosure Solutionsaparker0091
Â
Presentation of the existing housing crisis and an SaaS (Software as a Solution) called M.A.P. (Mitigation Analysis Platform) to provide structure and efficiency for banking loss mitigation departments.
The document discusses the top challenges facing insurance claims departments, including rising claim volumes, lack of adjuster expertise, mandatory reporting requirements, high subpoena and litigation fees, and privacy issues. It outlines strategies to address each challenge, like implementing tracking systems and validating requests. A case study shows how outsourcing to OneSource helped an insurance company by centralizing processing and using specialized staff. Qualities to look for in a partner include implementation plans, tracking systems, industry expertise, and customer satisfaction.
The document analyzes patterns in Bureau of Safety and Environmental Enforcement (BSEE) violations over the last 15 years. It finds that while bypassing or manipulating safety equipment remains the most common violation, risks of falls and corrosion have been growing issues. Independents have faced over twice as many penalties as majors in recent years, with average penalties over $100,000 versus $29,000 for majors. Differences in company size, infrastructure age, and compliance resources may contribute to the disparity between major and independent operators.
Enzymes can be used as diagnostic tools by measuring their levels in serum. Tissue or cellular damage results in the release of intracellular enzymes into the bloodstream, increasing their serum levels. Some key enzymes used for diagnosis include lactate dehydrogenase (LDH), creatine kinase (CK), alanine transaminase (ALT), aspartate transaminase (AST), alkaline phosphatase, acid phosphatase, and amylase/lipase. Each enzyme is predominantly found in certain tissues, so elevated levels can indicate damage to those tissues. Isoenzymes provide further diagnostic information about the specific organ affected.
The document discusses strain improvement, which is the process of manipulating microbial strains to enhance their metabolic capacities. The main methods discussed are selection of natural variants, induced mutants, and use of recombinant technology. Key characteristics for improving strains are selecting for stability, resistance to infection/components, favorable morphology, and tolerance to low oxygen. The goal is to develop strains that can be used commercially.
Corporate Strategy or Strategic Management
Concepts and Cases by Fred R. David,
Francis Marion University, Florence, South Carolina, &
Forest R. David,
Strategic Planning Consultant
BrundidgeStanger-IAM-magazine-2015QualityRankingDavid Lee
Â
The document discusses recent initiatives by the USPTO and Supreme Court rulings that have increased focus on patent quality in the US. It summarizes a study ranking the top US law firms in terms of the quality of patents they obtain based on an "Ocean Tomo Rating" score. Firms specializing in specific industries like healthcare and IT dominate the rankings. The popularity of new post-issuance review procedures introduced by the America Invents Act have further intensified scrutiny on patent quality and changed how patent applications are drafted.
The document discusses recent initiatives by the USPTO and Supreme Court that have increased focus on patent quality in the US. It summarizes a study ranking the top US law firms in terms of the quality of patents they obtain based on an "Ocean Tomo Rating" score. Schwegman Lundberg & Woessner ranked first overall and in most industry categories. The popularity of new post-issuance review procedures introduced by the America Invents Act, such as inter partes reviews, have further intensified scrutiny of patent quality and changed how patent applications are drafted.
Loss Mitigation and Foreclosure Solutionsaparker0091
Â
Presentation of the existing housing crisis and an SaaS (Software as a Solution) called M.A.P. (Mitigation Analysis Platform) to provide structure and efficiency for banking loss mitigation departments.
The document discusses the top challenges facing insurance claims departments, including rising claim volumes, lack of adjuster expertise, mandatory reporting requirements, high subpoena and litigation fees, and privacy issues. It outlines strategies to address each challenge, like implementing tracking systems and validating requests. A case study shows how outsourcing to OneSource helped an insurance company by centralizing processing and using specialized staff. Qualities to look for in a partner include implementation plans, tracking systems, industry expertise, and customer satisfaction.
The document analyzes patterns in Bureau of Safety and Environmental Enforcement (BSEE) violations over the last 15 years. It finds that while bypassing or manipulating safety equipment remains the most common violation, risks of falls and corrosion have been growing issues. Independents have faced over twice as many penalties as majors in recent years, with average penalties over $100,000 versus $29,000 for majors. Differences in company size, infrastructure age, and compliance resources may contribute to the disparity between major and independent operators.
Enzymes can be used as diagnostic tools by measuring their levels in serum. Tissue or cellular damage results in the release of intracellular enzymes into the bloodstream, increasing their serum levels. Some key enzymes used for diagnosis include lactate dehydrogenase (LDH), creatine kinase (CK), alanine transaminase (ALT), aspartate transaminase (AST), alkaline phosphatase, acid phosphatase, and amylase/lipase. Each enzyme is predominantly found in certain tissues, so elevated levels can indicate damage to those tissues. Isoenzymes provide further diagnostic information about the specific organ affected.
The document discusses strain improvement, which is the process of manipulating microbial strains to enhance their metabolic capacities. The main methods discussed are selection of natural variants, induced mutants, and use of recombinant technology. Key characteristics for improving strains are selecting for stability, resistance to infection/components, favorable morphology, and tolerance to low oxygen. The goal is to develop strains that can be used commercially.
Corporate Strategy or Strategic Management
Concepts and Cases by Fred R. David,
Francis Marion University, Florence, South Carolina, &
Forest R. David,
Strategic Planning Consultant
BrundidgeStanger-IAM-magazine-2015QualityRankingDavid Lee
Â
The document discusses recent initiatives by the USPTO and Supreme Court rulings that have increased focus on patent quality in the US. It summarizes a study ranking the top US law firms in terms of the quality of patents they obtain based on an "Ocean Tomo Rating" score. Firms specializing in specific industries like healthcare and IT dominate the rankings. The popularity of new post-issuance review procedures introduced by the America Invents Act have further intensified scrutiny on patent quality and changed how patent applications are drafted.
The document discusses recent initiatives by the USPTO and Supreme Court that have increased focus on patent quality in the US. It summarizes a study ranking the top US law firms in terms of the quality of patents they obtain based on an "Ocean Tomo Rating" score. Schwegman Lundberg & Woessner ranked first overall and in most industry categories. The popularity of new post-issuance review procedures introduced by the America Invents Act, such as inter partes reviews, have further intensified scrutiny of patent quality and changed how patent applications are drafted.
BrundidgeStanger-IAM-magazine-2015QualityRankingMisung Lee
Â
The document discusses recent initiatives by the USPTO and Supreme Court that have increased focus on patent quality in the US. It summarizes data from a study ranking the top US law firms in terms of the quality of patents they obtain based on an "Ocean Tomo Rating" score. Firms specializing in specific industries like healthcare and IT dominate the rankings. The popularity of new post-issuance review procedures introduced by the AIA, like inter partes reviews, have further intensified the spotlight on patent quality and changed how patent applications are drafted to withstand scrutiny.
What Is a Patent Worth? Evidence from the U.S. Patent âLotteryâMichael-Paul James
Â
Presentation by Michael-Paul James on What Is a Patent Worth? Evidence from the U.S. Patent âLotteryâ by Joan Farre-Mensa, Deepak Hegde, Alexander Ljungqvist.
Who is the most influential arbitrator in the world Rishab Gupta
Â
This article analyzes methods for measuring influence and quality among arbitrators in investment treaty arbitration. It uses citation analysis and number of appointments to identify the most influential arbitrators. The article describes a database of 664 arbitral decisions and 5,516 citations. It finds that the 10 most cited decisions received between 101-103 citations each. The 10 most cited arbitrators received between 330-547 citations each after removing self-citations. The 10 arbitrators with the most appointments received between 15-29 appointments each. Francisco Orrego VicuĂąa, James Crawford, and Gabrielle Kaufmann-Kohler were among the most influential based on these two metrics.
This document summarizes research on potential alternative cities to hold a rescheduled accounting conference after Hurricane Katrina disrupted the original location of New Orleans. Three cities were identified based on a survey of attendees: Chicago, Las Vegas, and New York City. The document presents objective data on airfare, hotel rates, conference costs, and survey responses for each city to evaluate them according to objectives of minimizing costs while maximizing attendance and survey preferences. The conference cost objective is weighted twice as important as the others. One city will be selected based on this analysis to reschedule the conference.
This document provides solutions to problems from chapters 1 and 2 of a managerial economics textbook. It addresses questions related to maximizing profit and revenue for firms through analyzing demand, costs, and pricing decisions. The summaries analyze key factors like demand curves, marginal revenue, marginal costs, and how equating MR=MC determines optimal output levels.
The Annual Insurance Event took place at the Old Library, Lloyd's, on Wednesday 3 December 2014.
At the event we reviewed the Jackson reforms and their impact in the 18 months since their implementation, the Insurance Bill and market developments. Our own speakers were joined by key industry figures to discuss these matters and to look forward to the further changes to come and predict what may happen following the general election.
Topics include:
⢠the squeeze on fees - how are budgeting and fixed costs changing the market?
⢠trends in liability claims - new procedures, portal and whiplash reforms
⢠case management post Denton â do we have certainty?
⢠adaptation in the claims market - what are the firms and insurers doing?
⢠the impact on end users - policyholders' experience
⢠the Insurance Bill - road to implementation
⢠âduty of fair presentation' â what will this mean for insurers, brokers and insureds?
⢠abolition of basis of contract clauses â are insurers ready?
⢠remedies for breach of warranty â a fair balance or an inappropriate downgrading?
We used the event as an opportunity to reflect on how far we have come since the Jackson reforms have been introduced, and to assess whether the reforms have been a success or not.
We looked into our crystal ball and made predictions as to whether the Insurance Bill will work in practice. With our guests examined what it takes to thrive in the environment which is being fashioned by such fast moving reforms in the litigation and the insurance world.
Review Types - Testing Traveler, The Post About Review TypesCharlie Congdon
Â
The document provides instructions for creating an account and submitting a paper writing request on the HelpWriting.net site in 5 steps:
1. Create an account by providing a password and email.
2. Complete a 10-minute order form with instructions, sources, deadline, and attach a sample if wanting the writer to imitate your style.
3. Review bids from writers and choose one based on qualifications, history, and feedback, then pay a deposit to start the assignment.
4. Review the completed paper and authorize final payment if pleased, or request free revisions.
5. Choose HelpWriting.net confidently knowing your needs will be met, and plagiarized work will be ref
IELTS WRITING TASK 2 General DISCUSSION EAmanda Moore
Â
This document discusses the process for requesting writing assistance from HelpWriting.net. It involves 5 steps: 1) Creating an account with a password and email. 2) Completing a 10-minute order form providing instructions, sources, and deadline. 3) Reviewing bids from writers and choosing one. 4) Reviewing the completed paper and authorizing payment. 5) Requesting revisions to ensure satisfaction, with a full refund option for plagiarized work. The service aims to provide original, high-quality content that fully meets customer needs.
The dual company is an international technology company that creates a US holding company to enter the US market while maintaining significant operations in its home market.
Studying the Impact of eBay on Injunctive Relief in Patent Cases Jay Kesan
Â
The document discusses a study analyzing the impact of the 2006 Supreme Court eBay v. MercExchange decision on the granting of injunctive relief in patent cases. The study finds that after eBay:
1) The rate of both preliminary and permanent injunctions sought and granted decreased significantly, especially for non-practicing entities (NPEs).
2) NPEs saw larger decreases than practicing entities (PEs) in the rate of injunctions sought and granted both before and after eBay.
3) While injunctions are still granted in the majority of cases where they are sought, eBay made them more difficult to obtain, particularly for NPEs.
Mgmt 530 Effective Communication - tutorialrank.comBartholomew61
Â
This document summarizes a case analysis for MGMT 530 regarding rescheduling a conference after Hurricane Katrina disrupted the original plans. The conference was originally scheduled for New Orleans but is now being relocated. Three alternative cities are being considered: Chicago, Las Vegas, and New York City. Objectives for selecting a new location include minimizing airfare, hotel rates, conference costs, and aligning with attendee preferences from a survey. Conference costs are weighted twice as important as the other objectives. Data is presented on the four objectives for each city to evaluate the best alternative.
The document discusses how drag affects objects moving through water. It provides examples of how drag impacts swimmers, boats, and ships. Swimmers can reduce drag through their technique, equipment like swim caps and suits, and body hair removal. Boat and ship designers aim to minimize drag through streamlined shapes. Factors like surface area, shape, and speed all influence the drag force experienced by objects in water.
This document discusses how life insurance companies can leverage big data analytics across their value chain. It begins by explaining how data sources have expanded dramatically in recent years due to factors like the growth of digital devices and the internet of things. It then outlines how big data can be used in various parts of the insurance lifecycle from product development to claims processing. The document presents a four stage framework for life insurers to adopt big data analytics and provides examples of how some companies have realized benefits. It concludes by noting that while insurers recognize big data's potential, many challenges remain in analyzing diverse and voluminous unstructured data.
This presentation by Jocelyn Martel, Professor ESSEC, was made during the discussion âBarriers to exitâ held at the 132nd meeting of the OECD Competition Committee on 4 December 2019. More papers and presentations on the topic can be found at oe.cd/bte.
Compliance in Manufacturing: A Very Personal Affair (2013)Melih ĂZCANLI
Â
This document summarizes key findings from a study on compliance management in the manufacturing industry. It finds that most companies expect to expand their compliance systems and will likely seek external help. It also finds that lower management has a less favorable view of compliance than top management. The document recommends integrating compliance into business processes, allocating appropriate resources, and establishing an independent compliance department that reports directly to the executive board. It identifies anti-corruption, product safety, and data protection as areas of expected growth in compliance incidents and investment. Finally, it outlines A.T. Kearney's compliance framework to help companies build effective compliance systems.
2017 Top Issues - DOL Fiduciary Rule - January 2017PwC
Â
The document discusses the impact of the Department of Labor's Fiduciary Rule on the insurance industry. The rule requires financial advisors to act as fiduciaries, putting clients' interests ahead of their own. This will significantly impact compensation structures and require changes to training, products offered, and data collection. Insurers will need to streamline compensation, rationalize products, enhance agent training on fiduciary responsibilities, and improve data and technology to demonstrate compliance. The rule is spurring widespread changes beyond just compliance, including potential consolidation in the insurance and distribution sectors.
More Related Content
Similar to 2015 Patent Litigation Study: A change in patentee fortunes
BrundidgeStanger-IAM-magazine-2015QualityRankingMisung Lee
Â
The document discusses recent initiatives by the USPTO and Supreme Court that have increased focus on patent quality in the US. It summarizes data from a study ranking the top US law firms in terms of the quality of patents they obtain based on an "Ocean Tomo Rating" score. Firms specializing in specific industries like healthcare and IT dominate the rankings. The popularity of new post-issuance review procedures introduced by the AIA, like inter partes reviews, have further intensified the spotlight on patent quality and changed how patent applications are drafted to withstand scrutiny.
What Is a Patent Worth? Evidence from the U.S. Patent âLotteryâMichael-Paul James
Â
Presentation by Michael-Paul James on What Is a Patent Worth? Evidence from the U.S. Patent âLotteryâ by Joan Farre-Mensa, Deepak Hegde, Alexander Ljungqvist.
Who is the most influential arbitrator in the world Rishab Gupta
Â
This article analyzes methods for measuring influence and quality among arbitrators in investment treaty arbitration. It uses citation analysis and number of appointments to identify the most influential arbitrators. The article describes a database of 664 arbitral decisions and 5,516 citations. It finds that the 10 most cited decisions received between 101-103 citations each. The 10 most cited arbitrators received between 330-547 citations each after removing self-citations. The 10 arbitrators with the most appointments received between 15-29 appointments each. Francisco Orrego VicuĂąa, James Crawford, and Gabrielle Kaufmann-Kohler were among the most influential based on these two metrics.
This document summarizes research on potential alternative cities to hold a rescheduled accounting conference after Hurricane Katrina disrupted the original location of New Orleans. Three cities were identified based on a survey of attendees: Chicago, Las Vegas, and New York City. The document presents objective data on airfare, hotel rates, conference costs, and survey responses for each city to evaluate them according to objectives of minimizing costs while maximizing attendance and survey preferences. The conference cost objective is weighted twice as important as the others. One city will be selected based on this analysis to reschedule the conference.
This document provides solutions to problems from chapters 1 and 2 of a managerial economics textbook. It addresses questions related to maximizing profit and revenue for firms through analyzing demand, costs, and pricing decisions. The summaries analyze key factors like demand curves, marginal revenue, marginal costs, and how equating MR=MC determines optimal output levels.
The Annual Insurance Event took place at the Old Library, Lloyd's, on Wednesday 3 December 2014.
At the event we reviewed the Jackson reforms and their impact in the 18 months since their implementation, the Insurance Bill and market developments. Our own speakers were joined by key industry figures to discuss these matters and to look forward to the further changes to come and predict what may happen following the general election.
Topics include:
⢠the squeeze on fees - how are budgeting and fixed costs changing the market?
⢠trends in liability claims - new procedures, portal and whiplash reforms
⢠case management post Denton â do we have certainty?
⢠adaptation in the claims market - what are the firms and insurers doing?
⢠the impact on end users - policyholders' experience
⢠the Insurance Bill - road to implementation
⢠âduty of fair presentation' â what will this mean for insurers, brokers and insureds?
⢠abolition of basis of contract clauses â are insurers ready?
⢠remedies for breach of warranty â a fair balance or an inappropriate downgrading?
We used the event as an opportunity to reflect on how far we have come since the Jackson reforms have been introduced, and to assess whether the reforms have been a success or not.
We looked into our crystal ball and made predictions as to whether the Insurance Bill will work in practice. With our guests examined what it takes to thrive in the environment which is being fashioned by such fast moving reforms in the litigation and the insurance world.
Review Types - Testing Traveler, The Post About Review TypesCharlie Congdon
Â
The document provides instructions for creating an account and submitting a paper writing request on the HelpWriting.net site in 5 steps:
1. Create an account by providing a password and email.
2. Complete a 10-minute order form with instructions, sources, deadline, and attach a sample if wanting the writer to imitate your style.
3. Review bids from writers and choose one based on qualifications, history, and feedback, then pay a deposit to start the assignment.
4. Review the completed paper and authorize final payment if pleased, or request free revisions.
5. Choose HelpWriting.net confidently knowing your needs will be met, and plagiarized work will be ref
IELTS WRITING TASK 2 General DISCUSSION EAmanda Moore
Â
This document discusses the process for requesting writing assistance from HelpWriting.net. It involves 5 steps: 1) Creating an account with a password and email. 2) Completing a 10-minute order form providing instructions, sources, and deadline. 3) Reviewing bids from writers and choosing one. 4) Reviewing the completed paper and authorizing payment. 5) Requesting revisions to ensure satisfaction, with a full refund option for plagiarized work. The service aims to provide original, high-quality content that fully meets customer needs.
The dual company is an international technology company that creates a US holding company to enter the US market while maintaining significant operations in its home market.
Studying the Impact of eBay on Injunctive Relief in Patent Cases Jay Kesan
Â
The document discusses a study analyzing the impact of the 2006 Supreme Court eBay v. MercExchange decision on the granting of injunctive relief in patent cases. The study finds that after eBay:
1) The rate of both preliminary and permanent injunctions sought and granted decreased significantly, especially for non-practicing entities (NPEs).
2) NPEs saw larger decreases than practicing entities (PEs) in the rate of injunctions sought and granted both before and after eBay.
3) While injunctions are still granted in the majority of cases where they are sought, eBay made them more difficult to obtain, particularly for NPEs.
Mgmt 530 Effective Communication - tutorialrank.comBartholomew61
Â
This document summarizes a case analysis for MGMT 530 regarding rescheduling a conference after Hurricane Katrina disrupted the original plans. The conference was originally scheduled for New Orleans but is now being relocated. Three alternative cities are being considered: Chicago, Las Vegas, and New York City. Objectives for selecting a new location include minimizing airfare, hotel rates, conference costs, and aligning with attendee preferences from a survey. Conference costs are weighted twice as important as the other objectives. Data is presented on the four objectives for each city to evaluate the best alternative.
The document discusses how drag affects objects moving through water. It provides examples of how drag impacts swimmers, boats, and ships. Swimmers can reduce drag through their technique, equipment like swim caps and suits, and body hair removal. Boat and ship designers aim to minimize drag through streamlined shapes. Factors like surface area, shape, and speed all influence the drag force experienced by objects in water.
This document discusses how life insurance companies can leverage big data analytics across their value chain. It begins by explaining how data sources have expanded dramatically in recent years due to factors like the growth of digital devices and the internet of things. It then outlines how big data can be used in various parts of the insurance lifecycle from product development to claims processing. The document presents a four stage framework for life insurers to adopt big data analytics and provides examples of how some companies have realized benefits. It concludes by noting that while insurers recognize big data's potential, many challenges remain in analyzing diverse and voluminous unstructured data.
This presentation by Jocelyn Martel, Professor ESSEC, was made during the discussion âBarriers to exitâ held at the 132nd meeting of the OECD Competition Committee on 4 December 2019. More papers and presentations on the topic can be found at oe.cd/bte.
Compliance in Manufacturing: A Very Personal Affair (2013)Melih ĂZCANLI
Â
This document summarizes key findings from a study on compliance management in the manufacturing industry. It finds that most companies expect to expand their compliance systems and will likely seek external help. It also finds that lower management has a less favorable view of compliance than top management. The document recommends integrating compliance into business processes, allocating appropriate resources, and establishing an independent compliance department that reports directly to the executive board. It identifies anti-corruption, product safety, and data protection as areas of expected growth in compliance incidents and investment. Finally, it outlines A.T. Kearney's compliance framework to help companies build effective compliance systems.
Similar to 2015 Patent Litigation Study: A change in patentee fortunes (20)
2017 Top Issues - DOL Fiduciary Rule - January 2017PwC
Â
The document discusses the impact of the Department of Labor's Fiduciary Rule on the insurance industry. The rule requires financial advisors to act as fiduciaries, putting clients' interests ahead of their own. This will significantly impact compensation structures and require changes to training, products offered, and data collection. Insurers will need to streamline compensation, rationalize products, enhance agent training on fiduciary responsibilities, and improve data and technology to demonstrate compliance. The rule is spurring widespread changes beyond just compliance, including potential consolidation in the insurance and distribution sectors.
2017 Top Issues - Changing Business Models - January 2017PwC
Â
This document discusses changes that insurers should incorporate into their enterprise risk management (ERM) approaches. It suggests that stress testing will become more important alongside economic capital measures for evaluating risks. As insurers shift toward assisting customers in risk mitigation rather than only insuring risks, their risk profiles will change and stress testing will be better suited than value-at-risk models for evaluating strategic and operational challenges. It also recommends that model risk management focus more on customer analytics models as they become key to insurers' businesses. Quantifying risk diversification across different types of insurance will also grow in importance.
2017 Top Issues Core Transformation - January 2017PwC
Â
The document discusses trends in property and casualty insurance core system transformations. It notes that insurers are looking to extend core platforms to develop foundations for digital transformation and analytics to drive growth strategies. Insurers are also exploring greenfield and cloud-based approaches. Additionally, the next wave of transformations is expected to impact specialty insurers like E&S carriers as they seek to automate processes while empowering underwriters.
This publication includes the deal activity in the insurance sector such as overall highlights, key announced transactions, and the outlook ahead. Read our full report to learn more.
Chain Reaction: How Blockchain Technology Might Transform Wholesale InsurancePwC
Â
With the goal to identify where blockchain technologies have the greatest potential, this research report sponsored by PwC and conducted by Z/Yen, is based on 50+ interviews with brokers, insurers, reinsurers, regulators and trade bodies from across the global wholesale insurance market.
In depth: New financial instruments impairment modelPwC
Â
On June 16, 2016, the FASB issued Accounting Standards Update 2016-13, Financial Instruments â Credit Losses (Topic 326) (the âASUâ). The ASU introduces a new model for recognizing credit losses on financial instruments based on an estimate of current expected credit losses. The new model will apply to: (1) loans, accounts receivable, trade receivables, and other financial assets measured at amortized cost, (2) loan commitments and certain other off-balance sheet credit exposures, (3) debt securities and other financial assets measured at fair value through other comprehensive income, and (4) beneficial interests in securitized financial assets.
Many internal audit departments are investing in data analytics, but are struggling to fully realize the anticipated benefits. By avoiding common pitfalls and implementing data analytics holistically throughout the department, stalled analytics programs can be restarted, or new programs more successfully implemented.
World Economic Forum: The power of analytics for better and faster decisions ...PwC
Â
This document summarizes the key findings of PwC's 2016 Global Data and Analytics Survey. The survey polled over 2,100 senior business leaders across 50 countries and 15 industries about their strategic decisions between now and 2020. The survey found that most respondents believe their strategic decisions will significantly increase shareholder value but that they face limitations in decision-making due to resource constraints rather than limitations in data analysis capabilities. Additionally, the survey found that while companies are ambitious about improving decision speed and sophistication through greater use of machine learning and analytics, they expect to fall short of these ambitions by 2020.
Apache Hadoop Summit 2016: The Future of Apache Hadoop an Enterprise Architec...PwC
Â
Hadoop Summit is an industry-leading Hadoop community event for business leaders and technology experts (such as architects, data scientists and Hadoop developers) to learn about the technologies and business drivers transforming data. PwC is helping organizations unlock their data possibilities to make data-driven decisions.
On June 21st, PwCâs Health Research Institute (HRI) released its annual Medical Cost Trend: Behind the Numbers 2017 report. PwCâs HRI anticipates a 6.5% growth rate for 2017âthe same as was projected for 2016. The report identifies the key inflators and deflators as well as historical context to better understand the medical cost trend for 2017. Increases in the trend due to utilization of convenient care access points and an uptick in behavioral healthcare benefits for employees are being offset by more aggressive strategies by pharmacy benefit
Stepping into the cockpit- Redefining finance's role in the digital agePwC
Â
Insurance finance functions have been refining their
operating models to better align with business partner
demands, as well as adopting leading practices on how
to best utilize people, process and technology. The
challenge is that the business landscape is continuously
shifting and the pace of change is rapidly accelerating.
The new revenue recognition rules will significantly change how loyalty programs are accounted for. Under the new rules, companies will need to treat points issued through loyalty programs as a separate performance obligation and defer more revenue over time as points are redeemed. Companies currently using the incremental cost model will see later revenue recognition, and all companies will need to allocate transaction price to loyalty program points using relative standalone selling prices rather than costs. Preparing for these changes may require changes to systems, processes, and policies for many companies.
In spring 2016, PwC investigated the current state and
future direction of stress testing. We surveyed 55 insurers
operating in the US about their stress testing framework and
the specific stresses that they test. We also engaged in more
detailed dialogue with a number of insurers in the US and
globally, as well as with some North American insurance
regulators.
International Capital Standard (ICS) Background PwC
Â
PwC US risk & capital management leader Henry Essert and PwC global insurance regulatory director Ed Barron
recently sat down to discuss the proposed International Capital Standards (ICS) for insurers. They addressed at
length what the ICS is and what it could mean to insurers. The following pages contain their thoughts on the
standard, as well as some background information on capital management and related issues in the
insurance industry.
Insurers are upgrading their technology to support more complex
products, lower operating costs, and get closer to their customers.
But they can do more harm than good when they make changes
that alienate their independent agents. Weâve identified five steps
that can help insurers engage agents early and create a
transition plan that meets agentsâ needsâconverting these
important stakeholders into enthusiastic advocates.
The document provides an overview of the key provisions of the new lease accounting standard issued by the FASB in February 2016. Some of the major changes include:
1) Lessees will be required to recognize right-of-use assets and lease liabilities on the balance sheet for virtually all lease arrangements, eliminating off-balance sheet financing.
2) The definition of a lease is based on whether the contract conveys the right to control the use of an identified asset. Control involves the right to obtain substantially all economic benefits from use and direct how and for what purpose the asset is used.
3) Lessees will classify leases as either finance leases or operating leases based on certain
On June 21st, PwCâs Health Research Institute (HRI) released its annual Medical Cost Trend: Behind the Numbers 2017 report. PwCâs HRI anticipates a 6.5% growth rate for 2017âthe same as was projected for 2016. The report identifies the key inflators and deflators as well as historical context to better understand the medical cost trend for 2017. Increases in the trend due to utilization of convenient care access points and an uptick in behavioral healthcare benefits for employees are being offset by more aggressive strategies by pharmacy benefit
REPUBLIC ACT No 11313 An Act Defining Gender-Based Sexual Harassment in Stree...elyshaiana2
Â
An Act Defining Gender-Based Sexual Harassment in Streets, Public Spaces, Online, Workplaces, and Educational or Training Institutions, Providing Protective Measures and Prescribing Penalties Therefor
This Act shall be known as the "Safe Spaces Act".
bvnvbnvbnvbnbvnbvbnbvncccccccccnvbnbvnvbbvnvbccvbcnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnk,jullllllo7uuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuki ty563eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeefgdjfgdjfgdjfgdjfgdjfgdjfgdjfgdjfgdjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjsssssssssczbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbczczczczczczczczczczczczczczczczjkv nmzxĂąodahspguv9hadsfguvpdsjvnhbuansxjvnpkdaspjvnpasxhpjdsxnvpjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjadsxxxxdffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffssssssssssssfrrrrtygreeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeTEMA: ESCUCHA LA VOZ DE DIOS
TEXTO: JEREMIAS 38:19-20
INTRODUCCION
En el texto que hemos leĂdo vemos el momento de angustia que el rey Sedequias tenĂa cuando JerusalĂŠn estaba rodeada por el ejĂŠrcito babilonio.
En ese momento de angustia la respuesta del profeta JeremĂas fue: oye la voz de JehovĂĄ y te ira bien y vivirĂĄs.
QuizĂĄs este dĂa nos sentimos preocupados por las situaciones que estamos enfrentando o nos sentimos llenos de incertidumbre por aquellos proyectos de nuestra vida que estamos por iniciar, por esas metas que nos hemos propuesto alcanzar este aĂąo.
Que nos dice la voz de Dios este dia a cada uno de nosotros: FILIPENSES 4:13 âTodo lo puedo en Cristo que me fortaleceâ
Tenemos que escuchar la voz de nuestro Dios por sobre cualquier voz en nuestra vida,
I)DEBEMOS ESCUCHAR LA VOZ DE DIOS POR SOBRE LA VOZ DE LA EXPERIENCIA (LUCAS 5:4-6)
La voz de la experiencia es una autoridad, eso es real, pues la experiencia es el conocimiento aprendido por haber realizado algo, por haberlo vivido o sufrido, la experiencia es importante, pero por sobre la autoridad de la experiencia esta la voz de Dios.
La voz de la experiencia decĂa que si no habĂan pescado nada toda la noche era inĂştil tirar la red en la maĂąana, pero Pedro confi
2. Patent litigation: first decline in
five years
⢠Number of patent lawsuits filed in 2014
dropped by 13%; dramatic shift from
recent years
⢠Driven by Alice Corp. v. CLS Bank, which
raised the bar for patentability and
enforcement of software patents
⢠What will be the impact on future patent
enforcement? Will existing patent cases
before the US Supreme Court similarly
impact litigation trends?
District rankings: the more
things change, the more they
stay the same
⢠Top five districts in terms of patent-holder
favorability remain the same (Virginia
Eastern; Delaware; Texas Eastern;
Wisconsin Western; Florida Middle)
⢠Forum shopping really matters when it
comes to success rates and damages
⢠Has your company ranked its most
important litigation goals when
choosing a venue? Is a speedy outcome
worth lower damages or lower chances
of prevailing?
Jury decisions continue to climb
⢠Jury decisions account for 67% of identified
cases in last five years (excluding ANDA
cases)
⢠Median jury award is 31x greater than
median bench award in last 5 years
⢠If damages are motivating your litigation,
would you consider a bench trial given the
much lower median damages?
Time-to-trial slows down
⢠Median time-to-trial is about 2.4 years
⢠As the number of patent lawsuits escalated
dramatically over the last decade, the time-to-
trial increased
⢠How is your company preparing for the
long haul? Should you reconsider your
litigation strategy given a longer period
to resolution?
Trends in appeals
⢠52% of appealed cases are modified in
some regard
⢠When the Federal Circuit addresses damages
issues in an appellate opinion, 80% of those
decisions are modified in some regard
⢠How will Federal Circuit decisions
continue to shape patent damages law?
Will the Federal Circuit continue to police
the district courts regarding damages
awards?
Median damages award
continues downward trend
⢠2014 annual median damages award at
second-lowest point in 20 yearsÂ
⢠No âmegaâ verdicts in 2014
⢠Gulf between practicing and nonpracticing
entities (NPEs) grows
⢠Will NPEs continue to succeed with
high-dollar litigation? How will this
impact your companyâs response to
NPEÂ lawsuits?
Industry segmentation: large
differences in median damages but
similar success rates
⢠Consumer products leads in number of cases
⢠Biotech/pharma has highest median
damages award, followed by
telecommunications and medical devices
⢠Will these trends continue?
NPEs still carry a big stick,
but face increased challenges
⢠Damages awards for NPEs are 4.5x greater
than those for practicing entities over the last
five years
⢠NPE cases concentrated in certain district
courts: 5 district courts (of 94) account for
42% of all identified NPE decisions
⢠NPEs are 10% less successful overall
⢠Patent-eligible subject matter constrained
following Alice Corp. v. CLS Bank decision
⢠Higher likelihood of the losing plaintiff
having to reimburse defendantâs costs,
following two 2014 Supreme Court decisions
⢠Will NPEs continue to litigate at similar
rates as seen in the last decade? How will
potential Congressional reform or court
action impact NPE activity?
5 districts
remain the same
Patent litigation
decreases by
13%
Second-lowest
point in 20 years
Juries decide
67%
of the time
Biotech/pharma
industry has highest
median damages award
Median time-to-trial:
extended to about
2.4 years
1
6
5
4
3
2
7
8
52%
of appealed cases
are modified in
some regard
Top
NPEs still carry
a big stick
Leading Observations
3. 1PwC2015 Patent litigation study
Contents
Patent litigation decreases dramatically............................................................................ 3
Median damages trends.................................................................................................... 4
Jury vs. bench comparisons.............................................................................................. 6
Reasonable royalties are the most prevalent measure of damages..................................... 8
Success rates .................................................................................................................... 9
Patent litigation across industries................................................................................... 10
Time-to-trial analysis.......................................................................................................14
District rankings............................................................................................................. 15
Practicing entities and NPEs: By the numbers..................................................................17
Statistics by judge........................................................................................................... 18
Patent litigation appeals: 2006â2012.............................................................................. 19
Methodology.................................................................................................................. 23
Authors.......................................................................................................................... 24
5. 3PwC2015 Patent litigation study
In a dramatic shift from recent years, the
annual number of patent actions filed
declined for the first time since 2009.
Approximately 5,700 cases were filed in
2014ârepresenting a drop of 13%. The
decline in year-over-year growth is in stark
contrast to the compound annual growth rate
(CAGR) in the number of patent cases filed
since 2009, which had been growing at 24%
through 2013. The overall CAGR between
1991 and 2014 now stands at 7%. The decline
in the number of patent cases filed is likely
driven by various factors, the primary one
being the Supreme Courtâs June decision in
Alice Corp. v. CLS Bank, which significantly
impacted the ability to obtain and assert
software patents.
In contrast, the number of patents granted
by the United States Patent and Trademark
Office (USPTO) continued to grow steadily,
increasing by 14% over last year. Despite the
divergence in 2014, there continues to be a
very high correlation (approximately 95%)
between the numbers of patent cases filed
and patents granted.
1,000
2,000
3,000
4,000
5,000
6,000
7,000
100,000
150,000
200,000
250,000
300,000
350,000
â91 â92
Patentcasesfiled
Patentsgranted
CAGR = 7.1%
CAGR = 5.2%
Patent cases Patents granted
Year
Years are based on September year-end.
Sources: Performance & Accountability Report (USPTO) and Judicial Facts and Figures (US Courts)
â93 â94 â95 â96 â97 â98 â99 â00 â01 â02 â03 â04 â05 â06 â07 â08 â09 â10 â11 â12 â13 â14
Figure 1. Patent case filings and grants
Patent litigation
decreases dramatically
Patent litigation
decreases by
13%
6. 4 PwC 2015 Patent litigation study
Figure 2. Median damages award
Figure 3. Median damages award:
NPEs vs. practicing entities
Median damages award
continues downward trend
Adjusting for inflation using the consumer
price index (CPI), the annual median
damages award between 1995 and 2014
ranged from $1.9 million to $17.0 million,
with an overall median award of $5.4
million over the last 20 years. In 2014, the
median damages award was $2.0 millionâ
the second-lowest point in 20 years.
Segmenting the 20-year period from 1995
through 2014 into four periods, we see
a continued steep decline in the median
damages award since 2000.
Gulf between NPE and practicing
entity damages grows
Our analysis shows the continuation of a
trend that began in the early 2000s: much
higher damages awarded to NPEs relative
to practicing entities. Unlike awards for
practicing entities, NPE awards increased
between the two most recent periods. In
addition, the NPE median award has grown
to almost 4.5x the median for practicing
entities in the most current five-year period.
Median damages award (in $M) Median damages award (in $M)
NPEs
Practicing entities
$11.4
$5.8 $7.5
$5.0
$8.9
$2.0
$5.7 $5.6
1995â1999 2000â2004 2005â2009 2010â2014
61 100 152 157
The number of identified decisions is indicated in the top corner.
$7.6 $5.3 $2.9$5.6
1995â1999 2000â2004 2005â2009 2010â2014
Median damages trends
Second-lowest
point in
20
years
7. 5PwC2015 Patent litigation study
Year Plaintiff Defendant Technology
Award
(in $M)
2009 Centocor Ortho Biotech Inc. Abbott Laboratories Arthritis drugs $1,673
2007 Lucent Technologies Inc. Microsoft Corp. MP3 technology $1,538
2012 Carnegie Mellon University Marvell Technology Group Noise reduction on circuits for disk drives $1,169
2012 Apple Inc. Samsung Electronics Co. Smartphone software $1,049
2012 Monsanto Company E. I. du Pont de Nemours and Co. Genetically modified soybean seeds $1,000
2010 Mirror Worlds LLC Apple Inc. Operating system $626
2005 Cordis Corp. Medtronic Vascular, Inc. Vascular stents $595
2004 Eolas Technologies Inc. Microsoft Corp. Internet browser $521
2011 Bruce N. Saffran, M.D. Johnson & Johnson Drug-eluting stents $482
2014 Masimo Corporation Philips Electronics N. America Corp. Device measuring blood oxygen levels $467
Figure 4. Top ten largest initial adjudicated damages awards: 1995â2014
No billion-dollar cases,
but one 2014 award squeaks
into the top 10
Large damages awards grab headlines. Since
2012âwhen three awards of $1 billion
or more broke into the top ten listâno
awards have even come close. However,
2014 saw one case, Masimo Corporation
v. Phillips Electronics, land in the top 10
list. This $467 million award involved
technology for measuring blood oxygen
levels. In another notable medical device
case, Medtronic settled patent litigation with
Edwards Lifesciences over heart valves for
approximately $1.15 billion.
The table below displays the top ten initial
damages awards since 1995. It is important
to note that the awards reflected in the
following table are those identified during
initial adjudicationâmost have since been
vacated, remanded or reduced, were settled
while pending appeal, or are still under
appeal.
8. 6 PwC 2015 Patent litigation study
Figure 5. Percent of cases decided by
juries (excluding ANDA cases) Figure 6. Trial success rates: bench vs. jury
Bench Jury
1995â1999
2000â2004
2005â2009
2010â2014
43% 81%
55% 78%
77%
75%65%
58%
1995â1999
2000â2004
2005â2009
2010â2014
Jury trials are favored overall
Unlike the 1980s and 1990s, the modern era
of patent infringement litigation has seen
juries evolve as the preferred trier of fact. In
the last five years, the percentage of cases
decided by a jury reached 67%, excluding
Abbreviated New Drug Application (ANDA)-
related litigation.1
Jury vs. bench success
gap narrows
Numerous factors contribute to the
increasing use of juries. Over the last 20
years, patent holders have experienced
higher trial success rates with juries than
with the bench. However, the margin
between bench and jury success rates has
steadily narrowed over time.
The gap between bench and jury success rates
has been steadily narrowingâfrom almost 40%
to only about 10%.
14%
26%
61%
67%
1990s
2000s
2010s
1980s
Jury vs. bench comparisons
Juries decide
67%
of the time
1 These cases are, with rare exceptions, tried by the
bench, and their increasing prevalence in recent
years would otherwise skew this measure.
9. 7PwC2015 Patent litigation study
Bench
$1.6 $13.3 $0.5 $8.0 $9.4$0.3$6.1 $4.7
Jury
2000â2004 2005â2009 2010â20141995â1999
Figure 7. Median damages award: bench
vs. jury decisions
Still, median jury awards
substantially outpace the bench
Since 2000, median jury awards have been
significantly greater than median bench
awards. This growing gap reflects the
decrease in high-stakes damages cases that
are heard by the bench, as large-stakes cases
are almost always tried by juries.
Median damages award (in $M)
10. 8 PwC 2015 Patent litigation study
Figure 8. Composition of damages
awards2
1995â2004 2005â2014
Price erosion
Lost profits
Reasonable royalties
9%
34%
74%
31%
81%
2%
Reasonable royalties are the most
prevalent measure of damages
How are patent holders
most often compensated
for infringement?
Reasonable royalties are the type of
damages most frequently awarded in patent
cases, more than double the frequency
of lost profits awards. There are several
reasons why lost profits damages are not as
common as reasonable royalties:
⢠Even patentees eligible for lost profits
awards might eschew lost profits claims.
Patent holders might not want to risk
disclosing proprietary cost and profit
information necessary for the calculation
of lost profits.
⢠Lost profits entitlement can be more
difficult to establish. The proliferation of
competition and specialized distribution
channels provides greater access to
substitute products; therefore, even
without an alleged infringerâs products
on the market, consumers may not have
bought the patenteeâs product.
⢠NPEs, which bring an increasing
proportion of patent actions, are
ineligible for lost profits damages.
Excluding NPE results, the proportion of
damages awarded through reasonable
royalties decreases by about 6%.
⢠Damages awards for price erosion claims
have become almost nonexistent in
recent years. The cost and complexity of
price erosion analyses have reduced the
recovery (and likely the pursuit) of price
erosion claims.
Conjoint analysis: a
new lens in calculating
damages
The complexity of a
quantification of lost profits
and/or reasonable royalties is
heightened when the analysis
demands an identification
of the portion of the accused
productâs sales that are
attributable to patent-
infringing components, as
opposed to non-patented
elements. This apportionment
analysis applies to many
otherwise generic products
with patented enhancements.
The courtsâ standards for
such apportionment have
become more rigorous, and,
as a result, damages claims
may require empirical data
to apportion value to the
patented components. Such
evidence can be gathered
through surveys and statistical
analysis of consumer behavior.
Conjoint analysis can provide
insight on how customers value
the product attributes (i.e.,
features; functionality; and
benefits) that contribute to an
overall product or service.
The analytical rigor of conjoint
analysis can be applied to
determine the most influential
combination of product
attributes on customer choice.
The results can be honed to
better understand differences
in preferences amongst a
core customer segment or
across a wider market. The
insights drawn can be used
to illustrate relationships
between customer demand
and willingness to pay for
individual product attributes.
Want to know
more? Scan this
code to access PwCâs
Experience Radar. 2 Because some litigants receive damages awards of
both lost profits and reasonable royalties, the totals
exceed 100%.
11. 9PwC2015 Patent litigation study
Success rates
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
29/62
226/394
73/95
288/376
NPEs
Practicing entities
47%
57%
77% 77%
The number of cases is indicated within the respective column.
Bench
decisions
Jury
decisions
Figure 9. Patent holder success rates:
1995â2014
Figure 10. Patent holder success rates at
trial: 1995â2014
Success rates vary by type of
entity and stage of decision
The overall success rate for practicing
entities is almost 10% higher than that for
NPEs over the last 20 years. NPEs are much
less successful at the summary judgment
stage: winning in only 4% of identified
decisions, as opposed to 10% for practicing
entities. Conversely, the trial success rates
are comparable, at roughly two-thirds.
NPEs and practicing entities are
more successful with juries
Both practicing entities and NPEs have been
significantly more successful when juries
decide their cases. Our analysis shows a
divergence: while practicing entities enjoy
a success rate 10% higher than NPEs when
their cases are decided by the bench, their
success rates with juries are the same.
0%
10%
20%
30%
40%
50%
60%
70%
80%
Overall Summary
judgment
Trial
NPEs
Practicing entities
10%
67%
26%
35%
4%
65%
12. 10 PwC 2015 Patent litigation study
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
Practicing entities
NPEs
Consumerproducts
Biotech/pharma
Industrial/construction
Computerhardware/electronics
Medicaldevices
Software
Business/consumerservices
Telecommunications
Automotive
Chemicals
8%
15%
3%
4%
2% 2% 2% 2%
1%
2%
1% 1%
10%
9%
6%
7%
3%4%
3%
4%
Figure 11. Distribution of cases: top ten industries, 1995â2014
Our research shows that the ten most
active industry classifications (out of 20)
collectively account for almost 90% of
identified decisions. Patent cases associated
with the consumer products industry were
most prevalent between 1995 and 2014,
representing 18% of all identified decisions.
Patent litigation across industries
Biotech/pharma
industry has
highest median
damages award
13. 11PwC2015 Patent litigation study
Figure 12. Median damages award: top ten industries, 1995â2014
Median damages award is largest
in biotech/pharma industry
While patents associated with the consumer
products industry represented the largest
percentage of identified decisions, their
median damages award was relatively low
compared to the nine other most active
industries. Consistent with last yearâs study,
patented technology associated with the
biotech/pharma, telecommunications and
medical devices industries experienced a
significantly higher median damages award
than other industries.
Median damages award (in $M)
The number of identified decisions is indicated within the respective circle.
$4.9$1.9 $21.4 $2.8 $9.5
3386 25 51 62
$19.4 $19.7$6.2 $0.4$0.7
Telecommunications
29
Business/
consumer services
ChemicalsMedical
devices
Biotech/
pharma
Industrial/
construction
Consumer
products
Computer hardware/
electronics
Software
59 22 1720
Automotive
Overall median damages award for all industries is about $5.4M
Medtech: Continue the
innovation challenge
Innovation: the mere concept
needs redefining in a health
ecosystem that demands and
rewards new models for delivering
better care at lower costs across
a broad patient population.
Medtech companies should be
ready to compete in this new
environment, or risk being
displaced by competitors that
can show evidence that their
innovations achieve the same
high clinical standards but are
faster, better, cheaper, and more
integrated into a care delivery
continuum that increasingly
transcends geography. In many
instances, these companies exist
outside the traditional medtech
realm. With all this change, there
is opportunity.
In PwCâs report Medtech companies
prepare for an innovation
makeover,3
our Health Research
Institute found several trends that
medical device companies may
want to take to heart, including:
⢠The value of a device is no
longer solely in the product
itself. While clinical efficacy
is a must, the true value in
medtech today is a companyâs
ability to provide information,
services, and other assistance
to customers to solve additional
problems such as improving
diagnostics, monitoring
patients remotely, and more.
⢠Medtech companies are
looking to open innovation as
a key approach to drive future
growth. However, medtech
executives admit finding the
right external partners with
whom to collaborate is difficult.
To read Medtech companies prepare
for an innovation
makeover please scan
this QR code.
3 Medtech companies prepare for an
innovation makeover, PwC Health
Research Institute, October 2013.
14. 12 PwC 2015 Patent litigation study
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
Overall success rate
Consumerproducts
Biotech/pharma
Industrial/construction
Computerhardware/electronics
Medicaldevices
Software
Business/consumerservices
Telecommunications
Automotive
Chemicals
Figure 13. Patent holder success rates: top ten industries, 1995â2014
Success rates fairly consistent
across industries
While the overall success rate (trial and
summary judgment combined) for all
industries during the 20-year period was
approximately 33%, holders of patents
related to the consumer products, biotech/
pharma, medical devices and computer
hardware/electronics industries achieved
success rates slightly higher than the
overall median. The table below also
demonstrates that success rates across the
top ten industries were relatively consistent,
deviating less than 10% from the 33%
aggregate success rate for the study.
15. 13PwC2015 Patent litigation study
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
Overall jury %
Consumerproducts
Biotech/pharma
Industrial/construction
Computerhardware/electronics
Medicaldevices
Software
Business/consumerservices
Telecommunications
Automotive
Chemicals
Figure 14. Percentage of cases decided by juries: top ten industries, 1995â2014
Telecommunications and
computer hardware/electronics
lead in jury decisions
The percentage of cases decided by juries
varies significantly by industry. The wide
disparity is highlighted by the difference in
jury decisions between the biotech/pharma
and telecommunications industries.
While the biotech/pharma industry
experienced the highest median damages
award, it had a considerably lower
percentage of jury decisions than the other
top ten industries. This is partly due to
the frequent incidence of ANDA-related
litigations, which are tried primarily by the
bench. Removing ANDA-related litigation
would increase the percentage of cases
decided by juries in the biotech/pharma
industry to 47%.
Consumer goods CEOs
weigh in
The consumer products industry
continues to encompass the
highest volume of identified
patent decisions, with a success
rate that is generally higher than
the overall median. Looking to
the future, where are consumer
products companies focusing their
vision? How might these roads
impact their patent litigation
strategy?
⢠57% of consumer goods CEOs
are entering other sectors or
considering doing so.
⢠67% are concerned about the
shift in consumer shopping
patterns. Like their peers in
other sectors, many consumer
goods CEOs expect a range
of disruptive forcesâsuch as
regulation, competition and
changes in customer behaviorâ
to reshape the commercial
landscape.
⢠Consumer goods CEOs
recognize the strategic
significance of mobile
technologies for engaging with
customers, data analytics and
cyber security tools. But they
place slightly less weight on
data analytics than their peers
in other industries (74% versus
80%Â overall).
⢠Scan this QR code to learn more
about what industry CEOs are
concerned about.4
4 All stats from PwCâs 18th Annual
Global CEO Survey, 2015.
16. 14 PwC 2015 Patent litigation study
1.8
1.9
2.0
2.1
2.2
2.3
2.4
2.5
Mediantime-to-trial(inyears)
Number of cases
per year
Median time-to-trial
1995-1999
2005-2009
2000-2004
2010-2014
23
28
58
50
Figure 15. Median time-to-trialGeneral slowdown over the
last decade
Overall, time-to-trial has remained
relatively steady, at about 2.4 years, since
2005. An increase of about one-third of
a year is evident since 2000â2004, when
case volume was significantly lower, and
the median was just over two years.
Time-to-trial analysis
Median time-to-
trial: extended to
about 2.4 years
17. 15PwC2015 Patent litigation study
District rankings
Certain districts are more
favorable to patent holders
Certain jurisdictions (particularly Virginia
Eastern, Delaware, Texas Eastern and
Wisconsin Western) continue to be more
favorable venues for patent holders, with
shorter time-to-trial, higher success rates
and greater median damages awards. The
table below presents the 15 most active
districts and their categorical rankings
for each of these metrics, with the overall
ranking based on a simple average of the
three.
The overall ranking of the districts remained
relatively stable, with the top five districts
in terms of favorability to patent holders
remaining the same. Californiaâs Northern
District experienced the most significant
change, dropping from tenth place last year
to thirteenth.
Figure 16. District court rankings: 1995â2014
The rankings for these courts are based on their relative ranking for each of the three measures, equally weighted.
Overall
rank District
Median
time-to-trial
(in years) Rank
Overall
success
rate Rank
Median damages
award Rank
1 Virginia Eastern 1.0 1 30% 8 $32,619,063 2
2 Delaware 2.0 5 43% 4 $16,257,851 4
3 Texas Eastern 2.3 7 55% 1 $8,949,616 5
4 Wisconsin Western 1.1 2 32% 7 $6,484,809 6
5 Florida Middle 1.8 3 55% 2 $192,839 15
6 Texas Southern 2.0 4 22% 15 $57,959,587 1
7 Texas Northern 2.4 8 46% 3 $3,702,082 9
8 New Jersey 2.7 12 34% 5 $16,850,037 3
9 California Central 2.2 6 29% 10 $3,189,642 11
10 New York Southern 2.5 9 28% 11 $3,625,039 10
11 Massachusetts 3.6 14 32% 6 $2,735,082 12
12 Minnesota 2.7 11 30% 9 $1,674,563 13
13 California Northern 2.7 13 26% 13 $5,391,311 8
14 Illinois Northern 3.7 15 26% 12 $6,074,044 7
15 Florida Southern 2.5 10 23% 14 $386,133 14
Overall (all decisions identified) 2.3 33% $5,391,311
5districts
remain the same
Top
18. 16 PwC 2015 Patent litigation study
NPE decisions concentrated in a
few districts
Cases with NPEs as patent holders were
concentrated in a few districts. The top five
districts (out of 94 total) with the most iden-
tified decisions involving NPEs accounted
for 42% of all identified decisionsâand the
top ten districts accounted for 58%. The
percentage of NPE decisions in the most
active NPE districts continues to increase,
indicating continued concentration of NPE
cases in certain courts.
The districts with the most identified NPE
decisions, however, present a dichotomy in
relative NPE success rates. Texas Eastern,
with the most identified NPE cases by far,
also has one of the highest success rates,
almost double the NPE average. However,
the next three districts yielded success rates
roughly 10% or more below the overall NPE
average of 26%.
District
Decisions
involving NPEs
Total identified
decisions
NPE % of
total decisions NPE success rate
Texas Eastern 55 148 37% 49%
Illinois Northern 36 148 24% 17%
New York Southern 34 142 24% 12%
California Northern 31 171 18% 16%
Delaware 26 221 12% 35%
California Central 17 95 18% 35%
Massachusetts 15 82 18% 33%
Florida Southern 14 43 33% 14%
Pennsylvania Eastern 11 35 31% 18%
Minnesota 10 50 20% 40%
Texas Southern 10 50 20% 10%
DC 10 24 42% 0%
Virginia Eastern 10 56 18% 20%
Texas Northern 9 35 26% 56%
US Court of Federal Claims 8 20 40% 13%
Florida Middle 8 38 21% 63%
Colorado 7 27 26% 43%
New Jersey 7 96 7% 14%
Pennsylvania Western 6 17 35% 67%
Maryland 6 18 33% 0%
Michigan Eastern 6 44 14% 0%
All identified decisions 432 2,162 20% 26%
Includes districts with more than 5 identified decisions involving an NPE as the patent holder.
Figure 17. District courts with most identified decisions with NPE as patent holder:
1995â2014
19. 17PwC2015 Patent litigation study
Practicing entities and NPEs:
By the numbers
Figure 18. Key statistics for practicing entities and NPEs: 1995â2014
Median time-to-trial
(in years) Overall success rate Median damages award
NPEs 2.6 26% $9,163,544
Practicing entities 2.3 35% $4,586,077
Figure 19. Patent holder median damages
award by NPE type: 1995â2014
The median damages award for NPEs was
significantly higher than that of practicing
entities, while practicing entities enjoyed
higher success rates and slightly shorter
median time-to-trial.
We further analyzed NPE litigation
by NPE type: (1) companies/for-profit
organizations, (2) universities/non-profit
organizations, and (3) individuals/
inventors.
The median damages award for NPEs that
are universities/non-profits surpassed
damages awarded to companies/
for-profit organizations, an interesting
change from prior years. NPEs that are
individuals/inventors continue to lag in
median damages.
Individual NPEs also lag far behind in
success rates. As with median damages,
universities/non-profits lead the pack in
overall success.
Median damages award (in $M)
NPEs still carry
a big stick
Figure 20. Patent holder success rates by
NPE type: 1995â2014
The number of cases is indicated below each graphic.
64/206
31%
Company success rate falls
in the middle, but still below
overall 35%
11/23
48%
Universities/non-profits lead the
pack in overall success
36/203
18%
Individual NPEs lag far behind in
success rate
The number of cases is indicated within the respective column.
$11.5
361164
$16.2
$3.0
Company
University
& non-profit Individual
20. 18 PwC 2015 Patent litigation study
Statistics by judge
Rank
Judge
last name
Judge
first name District
Identified
decisions
Identified trial
decisions
Median
damages
award
Overall
success rate
Median
time-to-trial
(in years)
1 Robinson Sue Delaware 72 42 $21,900,503 38% 1.9
2 Sleet Gregory Delaware 33 29 $21,624,925 58% 1.9
3 Davis Leonard Texas Eastern 30 22 $8,895,467 63% 2.4
4 Stark Leonard Delaware 23 11 $16,001,822 48% 2.1
5 Clark Ron Texas Eastern 15 13 $6,950,660 73% 1.8
6 Huff Marilyn California Southern 12 7 $42,854,609 42% 2.1
7 Young William Massachusetts 12 4 $236,890 17% 1.7
8 Darrah John Illinois Northern 11 3 $10,301,716 9% 3.5
9 Alsup William California Northern 11 4 $19,394,779 9% 1.6
10 Gilstrap Rodney Texas Eastern 11 9 $8,241,792 64% 3.0
We also captured information on the
presiding judge in identified patent litigation
disputes. The table below represents
statistics for the judges with the most
identified decisions from 1995â2014. The
median damages award in cases presided
over by nine of these judges significantly
exceeds the overall median damages award,
possibly indicating that larger disputes tend
to be handled by more experienced judges.
Interestingly, patent holder success rates
for seven of these judges also exceeds the
overall success rate, particularly in the
Eastern District of Texas.
Figure 21. Most active district court judges: 1995â2014
21. 19PwC2015 Patent litigation study
Patent litigation appeals:
2006â2012
Summary appellate statistics
For the second time, our study analyzed
appellate outcomes in patent litigations
from the Federal Circuit. Our analysis began
with district court decisions originally tried
between 2006 and 2012, which ensured
that the large majority of cases appealed had
reached a conclusion at the Federal Circuit.
We then researched the appellate status of
such cases through 2014.
Overall, appeals were lodged in 75% of cases
analyzed. While less than 1% of appeals
remain pending and 22% of appeals were
dismissed or settled, over three-fourths
(77%) of appeals have reached a conclusion.
Additionally, 61% of the appealed cases
received a written opinion and 16% resulted
in summary affirmances, where the Federal
Circuit upheld the district court decision
without further explanation or discussion.
Figure 22. Status of district court cases: 2006â2012 decisions
Appealed
Not appealed
25% 75%
Appeal pending
Dismissed/Settled
Opinion
Summary affirmance
16%
61%
1%
22%
52%
of appealed cases
are modified in
some regard
22. 20 PwC 2015 Patent litigation study
Which party appeals more often?
It depends on your perspectiveâŚ
The alleged infringer appeals more often
overall (28% individually) than the patent
holder (21% individually) after trial. This
reflects the fact that patent holders win
more often at trial (70% trial win rate in
2005â2014), and thus have less reason to
appeal. As would be expected, the âloserâ of
the district court trial appeals more often.
However, adding the perspective of who won
and who lost at trial gives a more nuanced
view of who appeals more often. Based on
our data, losing patent holders appeal more
often (46% individually) than losing alleged
infringers (38% individually).
Further, 10% of successful patent holders
and 7% of successful alleged infringers
appeal individually. This demonstrates
that even a favorable outcome at the
district court can leave a party not fully
satisfied, whether on issues involving
the patent claims, product and territory
coverage, damages awarded, pre-/post-
judgment interest, enhanced damages, or
permanent injunction.
Not appealed
Both parties appealed
Alleged infringer appealed
Patent holder appealed
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Patent holder success at district court
Patent holder loss at district court
Overall
25% 26% 28% 21%
22%
26% 27% 38% 10%
24% 7% 46%
Figure 23. Appeals after district court decisions: 2006â2012
23. 21PwC2015 Patent litigation study
Appellate outcomes: a mixed bag
Our analysis shows that 33% of appealed
patent infringement cases were mixed
decisions; that is, some aspects of the appeal
were affirmed while others were reversed,
remanded or vacated. Additionally, almost
half of cases were affirmed in total and
19% were entirely reversed, vacated and/or
remanded.
In total, roughly equal portions of appealed
cases are affirmed in total (48%) as are
modified in some regard (52%). The like-
lihood of any given appeal outcome varies
according to which party won or lost the
initial district court case. In cases where the
patent holder lost at district court, about
two-thirds of the appeals are affirmed in
total, with the balance being modified in
whole or in part. Conversely, where the
patentee won at district court, around
two-thirds of the appeals are modified in
whole or in part.
We also analyzed damages issues in the
context of appeals. Of the appellate opin-
ions we examined (excluding summary
affirmances), 18% discussed substantive
damages issues. Of these opinions, 80% had
damages issue(s) reversed, vacated and/or
remandedâi.e., modified in some regard.
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
Patent holder loss at district court
Patent holder success at district court
(*) Mixed decisions are decisions in which the appeal was
both affirmed in part and reversed, vacated or remanded
in part.
22%
26%
5%
14%
17%
7%
26%
Affirmedintotal
Reversed/vacated/remanded
Mixeddecision(*)
Figure 24. Appeal outcome by success of
patent holder in district court: 2006â20125
5 The 2014 Patent Litigation Study reported
incorrect figures for this chart. Corrected figures
for 2014 are: Affirmed in total-44%; Reversed/
vacated/remanded-21%; Mixed decisions-35%.
24. 22 PwC 2015 Patent litigation study
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Affirmed in total
Mixed decision (*)
(*) Mixed decisions are decisions in which the appeal was both
affirmed in part and reversed, vacated or remanded in part.
Reversed/vacated/remanded
42%
16%
42%
28%
16%
56%
22%
17%
61%
29%
21%
50%
27%
9%
64%
TexasEastern
Delaware
NewJersey
NewYorkSouthern
CaliforniaNorthern
33%
19%
48%
Alldistrictcourts
Figure 25. Appeal outcomes from top five district courts: 2006â2012
Results vary by originating
district
When assessing the distribution of appeal
outcomes among the five district courts with
the most appeals during the 2006â2012
time period, Texas Eastern and California
Northern align with the overall percentage
of cases affirmed. However, Delaware,
New Jersey and New York Southern saw
affirmation at roughly 60%. Rates of cases
reversed, remanded and vacated in total
were generally consistent with the overall
19% finding; however, New York Southern
had only 9% completely overturned (i.e.,
reversed/vacated/remanded).
25. 23PwC2015 Patent litigation study
Methodology
To study the trends related to patent
decisions, PwC identified final decisions
at summary judgment and trial recorded
in two Lexis Advance databases, US
District Court Cases and Jury Verdicts and
Settlements, as well as in corresponding
docket entries from LexisNexis Courtlink.
The study identified 2,162 district court
patent decisions issued since 1995. Some
figures cited in this study have been
rounded: therefore totals may not equal the
sum of their components.
Definitions for important terms used
throughout the study are listed here:
⢠Cases decided at summary
judgment include those district court
patent infringement cases where a judge
has issued a dispositive opinion regarding
invalidity and/or infringement at
summary judgment.
⢠Cases decided at trial include those
district court patent infringement cases
where a decision was rendered by a judge
or jury after trial.
⢠A success includes instances where a
liability decision was made in favor of the
patent holder.
⢠Time-to-trial is calculated from the
complaint date to the first day of either
the bench or jury trial for each case.
⢠A nonpracticing entity (NPE) is an
entity that does not have the capability
to design, manufacture, or distribute
products with features protected by the
patent.
⢠Median damages have been adjusted
for inflation to 2014 US dollars.
26. 24 PwC 2015 Patent litigation study
Chris Barry has 31 years of experience in PwCâs Forensic Services practice. Mr. Barry
has worked extensively in the intellectual property field, including damage quantification
and testimony in infringement actions, determining reasonable royalty rates, valuing IP
for transaction and financial reporting purposes, and performing royalty inspections for
licensors with running rate agreements. Mr. Barry has testified at trial more than 60 times as
an expert witness. He is a Certified Public Accountant (CPA), holding the AICPA credential
of Certified in Financial Forensics. He earned a BA in accounting from Franklin & Marshall
College and an MBA from the University of California at Berkeley.
Ronen Arad is a Director in PwCâs Forensic Services practice. Mr. Arad has been involved
in many aspects of complex financial analyses and forensic assessments, both in the
normal course of business and in the context of litigation. He has worked extensively
in the intellectual property field, including quantifying damages in infringement and
misappropriation actions, performing royalty inspections for licensors in a range of industries,
and valuing intellectual property. Mr. Arad is a Chartered Financial Analyst (CFA) charter-
holder and holds a BS degree in commerce, with concentrations in finance and accounting,
from the University of Virginia.
Landan Ansell is a Manager in PwCâs Forensic Services practice. He provides financial,
economic, and accounting expertise and often consults with clients involved in disputes,
investigations, and other complex matters. Mr. Ansell has over eight years of experience
assisting clients by providing financial and economic analysis and forensic accounting
services, both in the normal course of business and in the context of litigation and regulatory
investigations. Mr. Ansell is a CPA and holds a BBA with a concentration in accounting from
Emory University. He also holds a JD from Georgia State Universityâs College of Law.
Meredith Cartier is a Senior Associate in PwCâs Forensic Services practice. Ms. Cartier is a
CPA and holds a BSBA degree in finance and accounting from Boston University.
HyeYun Lee is a Senior Associate in PwCâs Forensic Services practice. Ms. Lee is working
towards the CFA designation and holds a BBA with a concentration in finance and accounting
from Emory University.
Authors
Additionally, the following individuals contributed significantly to this study:
Adrian Fowler, Chad Halbur, Chikako Shimura, Christopher Roush, Davida Jones,
Erica Berry, Hannah Choi, Heather Fugate, Jelena Majkic, Jennifer Shimer,
Katherine Hou, Marty Quint, Matthew Hynes, Michelle Daniels,
Nicholas Baccash, Nick Landry, Paul Conboy, Rachel Kamenir, Sarah Stanley,
Fareed Yousif, Skyler Goodner, Victoria Frazier, Yi Yan
28. Š 2015 PricewaterhouseCoopers LLP, a Delaware limited liability partnership. All rights reserved. PwC refers to the US member firm, and may sometimes refer to the
PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details.
This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors. PwC US helps organizations and
individuals create the value theyâre looking for. Weâre a member of the PwC network of firms in 157 countries with more than 184,000 people who are committed to delivering
quality in assurance, tax and advisory services. Tell us what matters to you and find out more by visiting us at www.pwc.com/us.
MW-15-1897
www.pwc.com /us/forensics
To have a deeper conversation
about how this subject
may affect your business,
please contact:
Chris Barry
(617) 530-6304
christopher.c.barry@us.pwc.com
Kris Swanson
(312) 298-6195
kris.swanson@us.pwc.com
Ronen Arad
(678) 419-7309
ronen.arad@us.pwc.com
PwCâs Forensic Servicesâ team of experienced professionals is dedicated to helping
clients meet the challenges caused by fraud allegations, financial crimes and other
irregularities. Our portfolio of services includes: financial crime examinations, foren-
sic technology solutions, regulatory compliance reviews, fraud risk management and
fraud prevention, and dispute analysis and litigation support.