10-Figure Expectations Unrealized

Parus Holdings, Inc. has filed a complaint in the Western District of Texas pleading a claim for professional negligence against Mintz Levin Cohn Ferris Glovsky and Popeo, P.C., further naming as defendants two of that law firm’s partners. It follows by a week the District of Massachusetts complaint that Mintz Levin filed against Parus, there the firm seeking (at minimum) roughly $2.2M in damages allegedly owed. These parties agree that Mintz was engaged to run a monetization program for Parus, but Parus faults Mintz for “shoddy, substandard” legal work performed in connection with an inter partes review (IPR) (“which assertion Mintz strongly denies”) that deprived Parus of infringement recoveries anywhere close to a presuit $1.042B estimate. Mintz’s complaint reports that those recoveries, at least those relevant to its claims, have been much lower.