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Stock impact report

US Supreme Court upholds legality of patent review process [CNBC]

Oil States International, Inc. (OIS) 
Last oil states international, inc. earnings: 4/29 05:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.oilstatesintl.com/investor-relations
Company Research Source: CNBC
The U.S. Supreme Court on Tuesday gave its stamp of approval to a government review process prized by high technology companies as an easy and cheap way to combat patent trolls and others that bring patent infringement lawsuits. The justices ruled 7-2 that a type of in-house patent review at the U.S. Patent and Trademark Office does not violate a defendant's right under the U.S. Constitution to have a case adjudicated by a federal court and jury. The court ruled against Oil States International , a Houston-based oilfield services company that had challenged the legality of the process, called inter partes review (IPR). Justices John Roberts and Neil Gorsuch dissented from the decision authored by fellow conservative Justice Clarence Thomas to uphold the reviews. While the ruling gave Silicon Valley reason to celebrate, it was sure to displease name-brand drugmakers, which had called the IPR process a threat to innovation. Firms dubbed patent trolls have a business model Show less Read more
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