Flex Patents Pop Up in Recent Assignments…and in New Funder-Backed Litigation
- April 26, 2021
Category: Patent Market, Patent Watch, TPLFTag: TPLF
USPTO assignment records recently made public reveal multiple transfers, totaling more than 75 US assets, from subsidiaries of Flex (f/k/a Flextronics) to MyPAQ Holdings Ltd., a Seychelles entity that has just filed suit against Samsung (6:21-cv-00398). In the Western District of Texas complaint, MyPAQ accuses Samsung of infringing four of its new assets through the provision of certain chargers. Some familiar figures appear to be behind the new campaign.
On April 8, transactions to MyPAQ from Flex subsidiaries Flextronics America (18 assets, executed on March 19), Power Systems Technologies Company Limited (three assets, on March 23), Flextronics International USA (48 assets, on March 26), and Power Systems Technologies GmbH (seven assets, also on March 26) were recorded with the USPTO. The patents transferred broadly concern power converters and related subject matter (e.g., circuit and semiconductor elements, as well as fabrication methods, related to power conversion).
MyPAQ accuses Samsung of infringing four of them (7,403,399; 7,675,759; 7,978,489; 8,477,514) through the provision of its EP-TA12JBEUGUJ, EPTA800XBEGUS, and EP-TA845XBEGUS travel chargers, identifying the following asserted claims: “(1) the ‘399 Patent, including but not limited to Claims 1, 2, 4, 5, 6, and 13; (2) the ‘759 Patent, including but not limited to Claims 1, 3, and 6; (3) the ‘489 Patent, including but not limited to Claims 43, 53, 54, and 60; and/or (4) the ‘514 Patent, including but not limited to Claims 1 and 5”. The plaintiff alleges that Samsung manufactures the accused products in n China, India, South Korea, and Vietnam and then imports some of them into the US.
The plaintiff discloses that Transpacific IP Group Limited owns more than ten percent of it. Transpacific IP is a patent monetization firm founded by Guy Proulx, its CEO and chairman, and based in Singapore. On April 8, 2021, MyPAQ also recorded the grant of a security interest in the 75 plus patent acquisition to NSF I LLC, identified as the collateral agent for Omni Bridgeway (Fund 4) Invt. 7 L.P. in a document substantiating the grant of a security interest by GREE Inc. (GREE is in litigation with Supercell Oy over other patents.)
The address provided in USPTO records for both NSF I LLC and Omni Bridgeway (Fund 4) Invt. 7 is that of the New York City office of global litigation finance firm Omni Bridgeway Limited (f/k/a IMF Bentham Limited). MyPAQ is represented in the case against Samsung by Parker, Bunt & Ainsworth, P.C.; Shore Chan LLP; and Susman Godfrey LLP. 4/23, Western District of Texas.