Intellectual Property Sales
Our expert was engaged by a Receiver to broker and sell the patent portfolio of a defunct company that had been placed under judicial receivership in the context of a fraud indictment issued by the U.S. attorney and claims by the Securities Exchange Commission against a Registered Investment Advisor (“RIA”). The RIA was the defunct company’s primary shareholder through his investment holding companies. The defunct company never achieved any revenue during its entire 10-year operating life, but did amass substantial Intellectual Property of over 100 assets, including 65 issued U.S. Patents. These IP assets were properly documented and marketed utilizing a very effective bidding process to key targeted prospective buyers. Ultimately a $10 million cash sale was negotiated and successfully completed with Google.