Apple and Intel on Wednesday filed an antitrust lawsuit against Fortress Investment Group, alleging the SoftBank-owned unit stockpiled patents to hold up tech firms with lawsuits demanding as much as $5.1 billion.
The lawsuit follows an earlier case that Intel filed against Fortress in October. Intel withdrew that lawsuit and on Wednesday filed a new version in the U.S. District Court for the Northern District of California with Apple joining as a plaintiff.
Intel and Apple allege that Fortress and firms it either owned or whose patent portfolios it effectively controlled – and which do not make any technology products – stockpiled patents for the primary purpose of suing technology companies and did so in a manner that violated U.S. antitrust laws.
“Apple has suffered economic harm in the form of litigation costs and diversion of resources away from innovation to respond to these entities’ serial nuisance suits,” Apple wrote in the complaint.
MacDailyNews Take: Apple said Fortress-related firms had filed at least 25 lawsuits against the compnay demanding $2.6 billion to $5.1 billion in damages. Obviously Apple has had enough and wants to end this trolls’s charade once and for all.
Didn’t Apple invest $1B in Softbank’s venture capital fund, or am I thinking of something else?
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