Patent Squatter Sues Facebook

Leader Technologies, an Ohio-based “intellectual capital company”, has filed a lawsuit against Facebook. The company claims that Facebook has infringed on one of their patents which relates generally “to a method and system for the management and storage of electronic information.” Sounds like a fairly broad patent which the company simply uses to obtain recurring revenue from large digital companies.

Calling the company a “Patent Squatter” is probably not completely fair as the company actually does develop physical products as well including the “Leader Phone” and the “Leader Alert”.