The third quarter of 2024 saw multiple funded NPEs launch new patent campaigns, with several funded plaintiffs also filing new cases in existing litigation campaigns. In addition, towards the end of the quarter, a jury in the Eastern District of Texas awarded a large verdict to a plaintiff funded by a prominent litigation finance firm.

As RPX recently noted, on June 25, 2024, Suzhou Lekin Semiconductor Co. Ltd. (d/b/a LEKIN) transferred 27 US patents to Light Guide Innovations LLC, which has now accused TCL (TCT Mobile and multiple subsidiaries) (2:24-cv-00646) of infringing 14 of its received assets, described by the plaintiff as covering “systems and methods related to LED lighting and image enhancement for televisions and displays”. Targeting the provision of displays and TVs that incorporate LED, QLED, and QD-MINI LED lighting technologies, Light Guide has backing from a prominent litigation funder.

Three transfers of US patents recently recorded with the USPTO and made public—one from an optoelectronics company to an entity in a growing family of funded plaintiffs, one from an individual inventor who ended a litigation campaign last September, and one of former NEC assets passing through a Singaporean entity to a potential Delaware plaintiff—all bear watching over the coming months.