The TQP Patent
One of the things I do is expert witness work in patent litigations. Often, it’s defending companies against patent trolls. One of the patents I have worked on for several defendants is owned by a company called TQP Development. The patent owner claims that it covers SSL and RC4, which it does not. The patent owner claims that the patent is novel, which it is not. Despite this, TQP has managed to make $45 million off the patent, almost entirely as a result of private settlements. One company, Newegg, fought and lost—although they’re planning to appeal. The story is here.