Speculation not required: IP litigation in 2006 produced $3.4 billionJanuary 4, 2007

Contrary to the statement in the previous post, apparently speculation is not required to determine the amount of money that changed hands as a result of intellectual property litigation in 2006. According to a survey [subscription required to view full story] by IP Law 360, intellectual property litigation resulted in a combined $3.4 billion in settlements and judgments in 2006. This total was down from 2005, partially because 2005 saw the largest IP settlement in history, a $1.35 billion settlement between Medtronic and Dr. Gary Michelson, a surgeon who invented techniques related to spinal surgery.

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