Gene Quinn & Angel Krippner

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Toy Patent Litigation: Laser Pegs® Sues Lite Brix

Laser Pegs®, maker of the toy industry’s first lighted toy construction set, recently announced it is suing Lite Brix for unfair competition and willful patent and trade dress infringement.The filed complaint suggests that at a toy fair in 2011, Capriola was approached by Larry Rosen of Larose Industries LLC with an interest in investing in Laser Pegs. After a few arranged meetings to discuss the possible substantial investment, Rosen broke off ties with Capriola. He was later found to have secretly created and marketed Lite Brix.

Patent Business: Deals, Settlements, Licenses – January 2013

The month of January started off quite busy, which in all likelihood was as the result of deals and announcements either held over or that simply couldn’t get done in the run up to closing out the year. There was a noticeable lull in news and announcements. This month some of the highlights included (1) an exclusive option to license drugs targeting Parkinson’s disease; (2) potential patent problems on the horizon for Facebook; (3) additional settlements in the Forest Laboratory’s BYSTOLIC® patent litigation; (4) the inevitable news from Acacia Research; plus more.