Hanger Solutions Moves E-Commerce Transaction Assets to an Associated Entity

June 21, 2020

The last time that Hanger Solutions, LLC—a Georgia NPE associated with monetization firm IPInvestments Group LLC (d/b/a IPinvestments Group)—assigned a set of the thousands of former Intellectual Ventures LLC (IV) patents that it picked up late last year, the recipient, 21ST CENTURY GARAGE LLC (21st Century Garage), filed suit within weeks. Earlier this month, the transfer of two patents from Hanger Solutions to Kioba Processing, LLC, also associated with IPinvestments Group, was both executed and recorded, suggesting that another new campaign is imminent. The transferred patents generally relate to fraud prevention in “network based transactions” and name David P. Cook, the founder of Blockbuster Video, as their sole inventor.

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