British inventor seeks to take $18bn bite out of Apple in bitter patent war - News Summed Up

British inventor seeks to take $18bn bite out of Apple in bitter patent war


His nadir came just before the emergence of a patent battle with Apple that would define his life. Racz quickly filed for patents for his anti-piracy alternative Smartflash, and accompanying systems to allow payments and secure downloads. After receiving patent approval in 2008, he scored an unlikely victory – landing $533m in damages in 2015 after suing Apple in Texas. Racz argues the company has used its “wealth and power” to influence the US patent system. Meanwhile, Racz remains focused on his legal campaign, which is backed by private investors who would share in any winnings.


Source: The Guardian January 21, 2024 21:13 UTC



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