A Las Vegas Court has ruled that Righthaven, a “copyright troll” firm, must forfeit all of its intellectual property to satisfy its debts. Righthaven’s business involved threatening and engaging litigation in respect of newspaper articles to which it had acquired the copyright. At the time of judgment, Righthaven had almost three hundred works registered in its name. Approximately $200,000 of the company’s debts relate to cost awards made against it in unsuccessful litigation.
While the company had some initial success in obtaining settlements, it has never prevailed in any court action. Sucessful defences to claims advanced by the company included fair use and challenges to Righthaven’s standing to sue. Under the recent judgment, all of Righthaven’s assets, including its copyright registrations are to be sold by auction, and the company is threatening bankruptcy.
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