X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Issued: November 1991 Prosecuted by: Chicago’s Lisa & Lisa [now defunct] Licensed by: Gerald Hosier Litigated by: Steven Lisa, Louis Hoffman, Peter Warner and Richard Listingler of Scottsdale, Ariz.’s Patent It. The late inventor Jerome Lemelson received more than 500 patents during his lifetime, but his cluster of 15 “machine vision” patents have brought in the most money and created the most controversy. These patents cover bar code technology used in supermarkets and throughout most industries to track inventory. The cornerstone patent is No. 5,067,012. These patents have generated hundreds of millions of dollars in licensing fees — and made Las Vegas, Nev.’s Gerald Hosier, an electrical engineer-turned-lawyer, a very wealthy man. Hosier, who strikes Lemelson’s licensing deals, has said in Forbes that he’s “not cheap.” Lemelson was a master at working the inefficiencies of the patent system. Critics say that he didn’t patent inventions but that he invented patents, watching where an industry was moving and then amending his patent applications to cover those developments. The original applications on the bar code patents, for example, go back to the mid-1950s. A stable of Scottsdale, Ariz. IP lawyers have formed an alliance, “Patent It,” through which they do nothing but handle Lemelson IP matters, including litigation. The machine-vision patents are being tested in a federal court in Reno, Nev. in a case brought by Cognex Corporation, a manufacturer of bar code�reading technologies located in Natick, Mass. They filed suit in 1998, seeking to invalidate Lemelson’s patents. Trial is expected this fall. The Lemelson Foundation announced that it would not be offering licenses after August 1 “until pending litigations are resolved.” Not a bad move if the patents are invalidated.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at [email protected]

 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.