Sirius XM Radio Inc. v. Technology Properties Ltd et al DC

A California judge has ordered Technology Properties Limited LLC (TPL) and its affiliate MCM Portfolio LLC to pay Canon close to $1.8M in attorney fees, finding that the NPEs’ “litigating position” in a five-year battle with the company was “exceptionally weak”. Yet financial disclosures suggest that with dwindling licensing revenue, TPL and its monetization partners—which include the publicly traded NPE Patriot Scientific Corporation—may struggle to pay Canon’s fee award. And as legal fees from ongoing litigation against Huawei, LG Electronics, Nintendo, Samsung, and ZTE continue to mount, the NPEs may be forced to seek additional financing.