John Lott, our favorite economist at least in the arena of criminology and Second Amendment scholarship…
CFIF on Twitter CFIF on YouTube
Stat of the Day: Everywhere Guns Are Banned, Murder Rates Increase

John Lott, our favorite economist at least in the arena of criminology and Second Amendment scholarship, cogently summarizes the actual, real-world, data-based sociological effect of "gun control" laws:

. While gun bans (either a ban on all guns or on all handguns) have been imposed in many places, every time guns have been banned, murder rates have gone up.

One would think that one time, just out of simple randomness, murder rates would have gone down or at least stayed the same.  Yet in every single case for which we have crime data both before and after the ban, murder rates have gone up, often by huge amounts."

. It's almost as if more guns mean less crime.…[more]

October 20, 2017 • 11:58 am

Liberty Update

CFIFs latest news, commentary and alerts delivered to your inbox.
Jester's CourtroomLegal tales stranger than stranger than fiction: Ridiculous and sometimes funny lawsuits plaguing our courts.
Patent Advocates Should Support Congressional Litigation Reform Efforts Print
By Timothy H. Lee
Thursday, April 09 2015
The obvious reality, as almost any American not tied to the plaintiff lawyer lobby will agree, is that our legal system is overloaded, and in desperate need of litigation reform. That includes patent litigation reform...

Does the name Kyle Bass ring a bell? 

Mr. Bass is a 45-year-old hedge fund manager who became famous for making hundreds of millions of dollars from the subprime mortgage market shortly before the bubble burst. Today, he pursues a different means of profit, and it's one that helps illustrate the need for patent litigation reform as Congress once again prepares to debate the issue. 

Stated simply, Mr. Bass runs an organization named "Coalition for Affordable Drugs" that files and publicizes patent challenges through a costly procedural process with the U.S. Patent and Trademark Office (PTO).  He then simultaneously bets in the market against the companies he has sued, while strategically investing in other companies that would profit if the patents he targets are weakened. 

In other words, his scheme constitutes a make-work litigation scheme that exploits patent challenges for profit. 

It should be emphasized that Mr. Bass is an obvious opponent of America's strong patent rights system, which he claims keep pharmaceutical prices artificially high.  Never mind that the United States, which maintains the strongest patent and intellectual property (IP) protections in the world, accounts for nearly two-thirds of all worldwide new drug patents despite accounting for just 5% of the world's population and approximately one-fourth of its economic power. 

Regardless, Mr. Bass and his company's tactics highlight the broader need for patent litigation reform, even if he concentrates most of his current challenges before the PTO.  As detailed by The Wall Street Journal in a front-page headline this week entitled "Record Backlog Jams Courts," an all-time high of 330,000 civil suits currently clog our judicial system, 14% of which are over three years old: 

"'Over the years I've received several letters from people indicating, "Even if I win this case now, my business has failed because of the delay.  How is this justice?"' said Judge Lawrence J. O'Neill in Fresno, Calif., who sits in the Eastern District.  'And the simple answer, which I cannot give them, is this:  It is not justice.  We know it.'" 

The obvious reality, as almost any American not tied to the plaintiff lawyer lobby will agree, is that our legal system is overloaded, and in desperate need of litigation reform. 

That includes patent litigation reform, which is the focus of the proposed Innovation Act introduced by Congressman Robert Goodlatte (R - Virginia). 

In a remarkable example of bipartisan agreement, the same bill passed the House by a 325 to 91 margin just over a year ago, and it merits similar consensus now that it has been reintroduced in the new Congress. 

Although the bill is popularly and inaccurately characterized as "patent reform," it is more accurately patent litigation reform.  That's because it doesn't change patent rights themselves, but rather the way in which vexatious litigants currently abuse our legal system to extract unjustified settlements and intimidate legitimate patent holders.  Among other things, it would more often shift legal costs and attorneys' fees to losing parties, which would discourage frivolous litigants from commencing baseless lawsuits.  The bill would also reform the burdensome and costly discovery process during patent litigation, which would reduce frivolous litigants' ability to drive exhausted opposing parties to nuisance settlements.  It also requires litigants to plead their causes more specifically and clearly, which would reduce frivolous litigants' ability to lodge vague allegations in an attempt to confuse the court and opposing parties, delaying resolution and exacerbating litigation costs. 

Unfortunately, many people who should know better have voiced baseless opposition to the Innovation Act.  That includes many conservatives and libertarians, as well as many people who otherwise rightfully support strong patent and IP rights generally. 

Such opponents claim that the bill would dissuade legitimate patent holders from enforcing their rights through our judicial system, but the truth is that good faith patent holders would be better off under any scenario. 

In cases involving good faith plaintiffs, the current system discourages them from suing because even if they win, they will have to pay enormous legal costs to do so.  Under the Innovation Act's reforms, they could sue with greater confidence that they'd be compensated by the losing side for their trouble.  In cases involving good faith defendants, the current system discourages them from defending their rights because even if they win, they will again face enormous costs and burdens of retaining counsel and responding to discovery.  Under the Innovation Act's reforms, those good faith defendants could stand firm against vexatious plaintiffs because they'd again be compensated by losing plaintiffs for their trouble.  And in close cases where both plaintiff and defendant assert their claims in good faith, the Innovation Act would maintain the current system, with each side carrying its own legal costs. 

Opponents also claim that the patent litigation explosion has recently subsided, but that simply means that conditions have temporarily moderated after reaching unsustainable peaks.  The unacceptable level of baseless patent lawsuits remains, as does the threat of "patent trolls" toward legitimate patent holders. 

As Abraham Lincoln observed, America's unparalleled "patent system added the fuel of interest to the fire of genius."  The Innovation Act preserves that fuel of interest, while promising much-needed litigation reform to protect good faith innovators against those who currently game the legal system for easy and unjustified profit. 

Question of the Week   
Which one of the following battles effectively ended the American Revolutionary War?
More Questions
Quote of the Day   
 
"History will record that the Islamic State caliphate -- a bizarre pseudo-state founded on illusory goals, created by a global horde of jihadis, and enforced with perverted viciousness -- survived for three years, three months and some eighteen days. The fall of Raqqa, the nominal ISIS capital, was proclaimed on Tuesday by the U.S.-backed militia that spearheaded the offensive, a coalition of Kurdish…[more]
 
 
—Robin Wright, Newyorker.com Contributing Writer
— Robin Wright, Newyorker.com Contributing Writer
 
Liberty Poll   

What is your family’s reaction to this week’s statement that the NFL would like for players to stand for the national anthem, but will not force them to do so?