Brightplus Ventures LLC, a plaintiff associated with Texas monetization firm IPValuation Partners, LLC (d/b/a IPVal), has launched litigation over the portfolio of LED and LCD backlighting patents received from IDEAL Industries Lighting, a subsidiary of IDEAL Industries this past March. LG Electronics (LGE) (2:22-cv-00170) was sued in late May, with TCL (2:22-cv-00194) added as a defendant afterward, both in the Eastern District of Texas. The cases follow the end of IDEAL’s own litigation, mid-appeal from a mixed decision from the International Trade Commission.

USPTO assignment records recently made public contain a transfer of more than 34 issued US patents from IDEAL Industries Lighting, a subsidiary of IDEAL Industries, to Brightplus Ventures LLC, an entity with ties to a Texas monetization firm. The portfolio largely concerns LED lighting, an area that has seen more than its fair share of patent litigation in recent years.