Tokyo District Court Judge Koji Hasegawa ruled Apple's iPhone 4S, 4 and iPad 2 did not represent infringements on a data communications patent Samsung holds, according to Bloomberg. Samsung, a Korea-based company, had claimed those particular devices infringed its intellectual property. Samsung had requested Apple pay damages if it were found to be involved in intellectual property violation.

Peter Ackerman
Founder & CEO, Innovation Asset Group, Inc.
Representatives of indigenous peoples from around the world spoke at a meeting at the World Intellectual Property Organization recently. The theme of the panel was "Intellectual property, Traditional knowledge and traditional cultural expressions: Indigenous Peoples' 'right to maintain, control, protect and develop their intellectual property' under Article 31 of the United Nations Declaration on the Rights of Indigenous Peoples."

Peter Ackerman
Founder & CEO, Innovation Asset Group, Inc.
China Petroleum & Chemical Corp (Sinopec), the largest oil refiner in Asia, denied infringing the intellectual property of Ineos after the Swiss chemicals company brought Sinopec to court in Beijing, according to The Guardian.

Peter Ackerman
Founder & CEO, Innovation Asset Group, Inc.
Sen. Tom Udall, D-NM, recently introduced a bill meant to improve the U.S. Department of Energy's technology transfer process, according to Albuquerque Business First.

Peter Ackerman
Founder & CEO, Innovation Asset Group, Inc.
Pennsylvania State University will become the first university in America to auction off its intellectual property directly, according to Penn Live. The university announced early in March that it will auction off exclusive licenses to intellectual property of various kinds to companies interested in acquiring them. The first auction will run from March 31 to April 11, and companies will have their choice of several patents from Penn State's College of Engineering.

Peter Ackerman
Founder & CEO, Innovation Asset Group, Inc.
Pharmaceutical company Pfizer Inc. announced it will appeal a ruling that invalidated a patent extension related to its osteoarthritis drug Celebrex. This ruling could influence Pfizer's current lawsuit against generic drug companies that plan to create a generic version of the medicine to begin selling at the end of May, when Pfizer's original patent expires.

Peter Ackerman
Founder & CEO, Innovation Asset Group, Inc.
An Imperial Tobacco Group Plc unit is suing a Lorillard Inc. subsidiary, NJOY Inc., Vapor Corp. and eight other manufacturers of electronic cigarettes in the U.S., claiming they infringed the group's intellectual property. Fontem Ventures BV, the unit of Imperial Tobacco Group in question, filed nine patent lawsuits in federal court in California recently, asking the court to rule its patents were valid and for defendants to pay damages, according to Bloomberg.

Peter Ackerman
Founder & CEO, Innovation Asset Group, Inc.
Russia founded an Intellectual Property Rights Court in July 2013, and since that time 2,000 cases have been filed. Of those, 1,000 cases have been brought to a conclusion, according to The Moscow Times.

Peter Ackerman
Founder & CEO, Innovation Asset Group, Inc.
Twitter's yearly 10-K filing with the U.S. Securities and Exchange Commission revealed the company spent about $36 million on its purchase of nearly 1,000 patents from IBM to avoid legal difficulties, according to The Register. In January, news of this deal was released, but financial terms were not disclosed. This price means Twitter spent around $40,000 per IBM patent to avoid intellectual property litigation and other possible issues.

Peter Ackerman
Founder & CEO, Innovation Asset Group, Inc.
A quick scan through Facebook, Twitter or Instagram instantly reveals the modern social infatuation with photographing food and meals. Users are particularly likely to show off food they've made themselves or a meal that impressed them at a restaurant. This latter case actually raises questions of intellectual property, according to The Guardian.

Peter Ackerman
Founder & CEO, Innovation Asset Group, Inc.