IPFC Welcomes New Team Member

IPFC would like to introduce our newest team member, Nanci Espinoza.  Nanci joins the IPFC team as an analyst.  Prior to joining IPFC, Nanci worked at a global energy company.  Nanci graduated from the University of Houston with a Bachelor of Business Administration in Finance and Minor in Accounting. Nanci is also a veteran of The United States Marine Corps.

Welcome Nanci!

Jury Awards Core Wireless $3.5 Million in Damages, Accepting the Testimony and Opinions of IPFC’s Managing Director, Stephen Dell

Stephen Dell, Managing Director of IPFC, was retained as the damages expert by Russ August and Kabat on behalf of Core Wireless Licensing S.A.R.L. (“Core Wireless”). Mr. Dell provided testimony regarding the reasonable royalty damages owed to Core Wireless as a result of LG Electronics’ infringement of two standard essential patents that improve battery life, voice quality, and call reliability in mobile phones that are compatible with the GSM (2G) and UMTS/HSPA+ (3G) cellular standards.

On February 27, 2019, after a three day trial only on the issue of damages, a jury accepted the opinions that Mr. Dell presented at trial in their entirety and awarded Core Wireless $3,495,712 in damages.  Subsequently, on March 7, 2019, Chief District Judge Rodney Gilstrap entered Final Judgment on the damages awarded by the jury, as well as ordered LG to pay Core Wireless an additional $699,142 in enhanced damages for their previously determined willful infringement of Core Wireless patents.

IPFC Team Members included Stephen Dell, Managing Director, Michael Lindsay, Senior Manager and Jorie Taylor, Analyst.

More details regarding the case are available here.

IPFC’s Stephen Dell Provides Damages Testimony in Winning Verdict in Broker Genius v. Seat Scouts Trial

Retained by Pearl Cohen Zedek Latzer Baratz on behalf of Broker Genius, IPFC’s Managing Director, Stephen Dell, testified regarding the damages sustained by Broker Genius as a result of defendant Seat Scouts LLC’s alleged breach of contract and misappropriation of labor, skills and employment. Broker Genius alleged that defendants Drew Gainer and Seat Scouts breached Broker Genius’ terms of use contract by creating a derivative autopricer product and unfairly competed with Broker Genius.

After a two-week trial in the Southern District of New York, the jury awarded Broker Genius $4.5 million on its claim against defendant Seat Scouts LLC, finding that Seat Scouts, a competitor of Broker Genius, had illegally appropriated Broker Genius’ proprietary technology that allows resale brokers to easily reprice sports and entertainment event tickets. The damages award represents an award of $3 million against Seat Scouts CEO, Drew Gainor, personally, for breaching Broker Genius’ terms of use and another $1.5 million against Gainor and Seat Scouts for misappropriating Broker Genius’ development efforts.  The $4.5 million verdict was consistent with the amount of damages Mr. Dell testified that Broker Genius suffered in lost profits and the amount of money it had cost Broker Genius to launch and improve its “AutoPricer” product over an approximate three-year period. Following the verdict, Judge Stein entered a permanent injunction against Seat Scouts.

IPFC Team Members included Stephen Dell, Managing Director, and Cole Kartman, Senior Analyst.

For more information, see press release here.

IPFC Announces Manager Promotions

IPFC announces the promotion of Kelly Campbell and Michael McGinnis from Senior Analyst to Manager.  Congratulations Kelly and Michael!

Kelly Campbell

Since first joining IPFC in January 2015, Kelly has been involved in numerous ITC cases as well as district court patent litigation engagements, including FRAND matters.

Kelly received a Master of Science in Financial Economics from Texas A&M and a Bachelor Degree of Science in Economics, with minors in Business Management and Phronesis from the University of Houston. Kelly also has earned the Master Analyst in Financial Forensics certification issued through NACVA.

Michael McGinnis

Michael joined IPFC in February 2016. While at IPFC Michael has contributed to various matters including patent, copyright, breach of contract, trade secret, and trademark.

Michael holds a Bachelor of Science in Economics from Texas A&M and a Certificate of Business Economics. Additionally, Michael is a Chartered Alternative Investment Analyst.

IPFC Experts Recognized By IAM

IPFC is proud to announce the recognition of Todd Schoettelkotte (President and Managing Director) and Jim Nawrocki (Co-Founder and Senior Advisor) as Highly Recommended experts in the IAM Patent 1000 ranking (click here)

As explained by IAM, “Economic analysis often plays a crucial role in IP litigation, whether relating to the question of reasonable efforts in licensing disputes, commercial success in disagreements over patentability or – most importantly – the quantum of damages to be paid for lost profits and as a reasonable royalty in infringement suits. Given the importance of patents as business assets and the significant sums at stake in compensation battles, choosing the right expert witness is imperative.“   The IAM Patent 1000 ranking is “commonly regarded as the definitive ‘go-to’ resource for those seeking to identify world-class, private practice expertise and leading expert witnesses.”  IAM undertakes “an exhaustive qualitative research” in order to “identify outstanding firms and individuals across multiple jurisdictions.”  IAM conducted nearly “1,800 interviews with numerous attorneys at law, patent attorneys and in-house counsel to gather market intelligence on the leading players in the field.”

Todd was identified as “the hardest-working guy out there – he is extremely diligent and thoughtful when forming his opinions, and can, as a result, staunchly defend them when it is time to testify. He has a very keen eye for detail and is able to consider, process and utilise large amounts of data to build comprehensive, compelling damages models.”  Todd also “partners well with legal teams and doesn’t take anything attorneys say for granted” and “he follows changes in the law closely.”

Jim was recognized as being “superb on the stand – he explains his opinions clearly, is super credible and develops a wonderful rapport with juries,” and “offers his clients the full benefit of his nearly four decades of experience.”

Congratulations to Todd and Jim on this distinguished recognition!

IPFC Participates in University of Arizona IP Conference

On March 5 and 6, 2018, IPFC’s Todd Schoettelkotte and Jim Nawrocki were among several speakers at the University of Arizona James E. Rogers College of Law’s inaugural IP Conference. The conference, entitled “What Is My Intellectual Property Worth: Issues That Make A Difference Inside And Outside The Courtroom,” addressed current issues related to intellectual property litigation and monetization.

Mr. Schoettelkotte, President and a Managing Director at IPFC, presented on “Damages in Other Areas of Intellectual Property.” Mr. Nawrocki, Senior Advisor at IPFC, participated in the “Pretrial Issues and Strategies” panel discussion as well as the “IP Monetization Life Cycle” mock negotiation. The conference also included panel discussions with the Hon. Andrew Guilford, Matthew Kennelly, Susan van Keulen, John D. Love, Michael Manson, James L. Robart, and Leonard Stark.

IPFC was honored to be a sponsor of this event and looks forward to future participation in this conference.

IPFC Announces Promotion of Cole Kartman

IPFC is pleased to announce the promotion of Cole Kartman to Senior Analyst. Cole has been involved in several engagements since joining IPFC and has been an integral part of the IPFC team.

Cole holds a Master’s Degree in Applied Economics from the University of Houston. He joined IPFC in 2016.

Congratulations, Cole!