October 23, 2013 – ARLINGTON, VA – Food Marketing Institute (FMI) Regulatory Counsel Erik Lieberman issued the following statement today regarding the Innovation Act of 2013, new patent reform legislation. Lieberman said:

“This new legislation will bring greatly needed reforms to our nation’s patent system by addressing the growing problem of patent trolls.  By increasing transparency, leveling the playing field in the courts and providing relief to end-users of technology, we believe this legislation, if enacted, will significantly reduce the billions of dollars of costs patent trolls impose on our economy each year.  Entrepreneurs, retailers and consumers will all benefit from this important legislation.

“We commend the House Judiciary Chairman, Rep. Bob Goodlatte (R-VA), and the cosponsors on their efforts to address the problem of patent trolls.”

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