“Confidential” Agreement Filed with USPTO Sets Expectations for Half of the Proceeds from Assertion of Gaming Portfolio at $96M
- August 18, 2019
Category: New NPE LitigationMarket Sector: Consumer Electronics and PCs
Bot M8 LLC, an NPE with apparent ties to Acceleration Bay, LLC, has filed suit against Sony (1:19-cv-07529) in the Southern District of New York over the provision of the PlayStation 4, PlayStation 4 Slim, and PlayStation 4 Pro consoles, the PlayStation Network online service, and Sony-developed video games that include “balanced multiplayer matchmaking or mutual authentication functionality”. The NPE asserts six gaming patents received, among several other US patents and international counterparts, from Japanese company Universal Entertainment in an assignment with effective date on October 13, 2016. The “confidential” patent purchase agreement, filed with the USPTO, identifies payment and timing terms that indicate a target of $96M to have been paid to Universal Entertainment months ago.