Gov. Scott signs patent trolling bill into law

On Tuesday, Florida Gov. Rick Scott signed HB 439 into law. The legislation includes language protecting Florida’s businesses, including credit unions, from patent trolls. The legislation creates a private cause of action for a business receiving a demand letter in bad faith from a patent troll. Among the provisions included is a “loser pays” requirement, […]

On Tuesday, Florida Gov. Rick Scott signed HB 439 into law. The legislation includes language protecting Florida’s businesses, including credit unions, from patent trolls. The legislation creates a private cause of action for a business receiving a demand letter in bad faith from a patent troll. Among the provisions included is a “loser pays” requirement, meaning that a patent troll who loses a lawsuit would be required to not only pay damages, but reasonable attorney’s fees as well.

The League’s Governmental Affairs team was instrumental in the passage of this legislation, reviving the language in the last week of session and helping to secure its passage.

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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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