On January 31, 2024, FG Innovation Company Ltd. (f/k/a FG IP Innovation Company Ltd.) (FGI) divested a portfolio of 35 assets, including 30 issued US patents, to a Texas entity, which moved the portfolio to a second Texas LLC the next day. This FGI divestiture is the sixth to an apparent US NPE since May 2021, to date four of the prior five recipients having launched litigation over the patents received.

Last month, 5G IP Holdings LLC—an NPE associated with monetization firm IPValuation Partners LLC (d/b/a IPVal)—filed its first suit to date, hitting Samsung over wireless communications patents, received from FG Innovation Company Ltd. (f/k/a FG IP Innovation Company Ltd.) (FGI) and allegedly declared essential to the 5G standard. Now, USPTO records suggest that at least one more NPE may be in line to litigate former FGI patents—this time with Longhorn IP LLC at the helm.