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Message: Re: Where is the outrage? Wolf
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Oct 17, 2011 01:35PM
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Oct 17, 2011 01:37PM
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Oct 17, 2011 01:39PM

I suppose you could say that the BoD/Management's outrage was expressed in the 1st amended complaint as follows:

1. TPL’s response has been to threaten to shut down the licensing program. Further to try to coerce Patriot to loan it more money, TPL has focused on a new strategy of improperly diverting licensing revenue to itself through its licensing division Alliacense, contrary to its authority under the ComAg

2. MMP licenses were undervalued and Patriot has been damaged

3. TPL violated its duties to Patriot by exploiting for personal benefit the conflict in simultaneously licensing MMP and non MMP licenses with third party MMP infringers by charging the JV expenses of outside counsel devoted to pursuit of its own portfolios and other TPL intellectual property.

Hopefully, the settlement will have accounted for this outrage.

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Oct 17, 2011 01:49PM
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Oct 17, 2011 01:51PM
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Oct 17, 2011 02:26PM
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Oct 17, 2011 02:29PM
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Oct 17, 2011 03:26PM
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Oct 17, 2011 04:27PM
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