Enterprising hedge fund managers have found a new way to get a jump on the competition. They're sending patent litigators to court -- not to try a case, but as highly informed (and highly paid) observers. "I hear these stories of Markman hearings; the minute the ruling comes down, 15 guys jump up and run out of the room," says one IP banker. "These guys are texting the hedge fund, so they can short the stock." When the market-moving information hits financial news services, the investors take their gains.
Hedge Fund Spies in the Courtroom
IP Law & Business
May 10, 2007