Economists and Legal Scholars Send Letter to Congress Concerned About Patent Reform

Forty Law Professors and Economists have signed a letter to Congress expressing serious concerns that legislators are basing their bills on flawed studies. Specifically, a study claiming that patent trolls cost U.S. businesses $29 billion a year in direct costs has been widely criticized. The letter stresses that based on this unreliable data, Congress may go well beyond what is needed to curb abusive practices and end up doing more harm than good to the patent system.