Advanced Transactions, LLC

In early February, RPX covered the recordation of the assignment of multiple patent portfolios from Intellectual Ventures LLC (IV) to a set of recently formed NPEs with apparent ties to Atlanta-based patent monetization firm IPInvestments Group LLC (d/b/a IPinvestments Group). Two of those recipient Georgia LLCs have now filed suit: Advanced Transactions, LLC hitting Belk (6:22-cv-00176) over the provision of a wide variety of products and services, including its marketing email system, online banking system, mobile apps, gift and reward cards, e-commerce website, in-store and online shopping services, and payment processing services, as well as related hardware and software products; and Alto Dynamics, LLC hitting Redfin (2:22-cv-00064) over the provision of its website, targeting features related to data collection, user login, and search functionalities.

Public records suggest that a batch of newly formed NPEs, with apparent ties to Atlanta-based patent monetization firm IPInvestments Group LLC (d/b/a IPinvestments Group), may be gearing up to assert multiple patent portfolios received late last year from Intellectual Ventures LLC (IV). The transacted portfolios—which were divested by IV in late-August 2021—comprise hundreds of US assets and include patents originating with operating companies spanning multiple industries.