|By PR Newswire||
|August 14, 2014 06:17 PM EDT||
LOUISVILLE, Ky., Aug. 14, 2014 /PRNewswire/ -- IPISC, the intellectual property (IP) insurance industry leader, is pleased to announce that Litigation Management Services (LMS) are an included service to all IPISC policyholders. The Litigation Management Services team assists policyholders by managing the legal services, processes and costs associated with IP infringement litigation. The Litigation Management team, combined with IPISC's extensive IP litigation management experience, time and again saves the policyholder more than the amount paid in premium.
Here's how Litigation Management Services works. In the recently adjudicated Octane Fitness case, our Insured, Octane, won a unanimous verdict and also enjoyed the benefit of saving $344,000 in legal fees, considered outside of the billing guidelines that counsel accepted at the onset of the case.
At the time of a claim, IPISC's LMS team monitors the legal activities of the litigating counsel to ensure the adherence to pre-negotiated billing rates and guidelines while also making sure that litigation tactics are case driven- not fee driven. The LMS team works with the policyholder, ensuring that they are aware of and understand the impact of litigation tactics at every stage, so they can effectively litigate their lawsuit while keeping hard-earned money in their pockets.
Robert Fletcher, President of IPISC, explains, "I personally do not know of any other insurance company that is a bigger advocate for their policyholders than IPISC through its Litigation Management team. The services they provide are a tremendous value-add to our policyholders when they find themselves involved in a multi-million dollar lawsuit. Generally, our policyholders do not have the resources and are not prepared to handle the ins and outs of a time-consuming litigation process." Fletcher emphasizes, "The costs to litigate IP infringement cases are high and continue to rise. Our affordable insurance products and valuable services offer real solutions for managing IP risks that companies just can't find anywhere else in the insurance market."
IPISC's Litigation Management team's depth of experience, in conjunction with IPISC's IP-specific insurance policies, ensures that companies have the monetary resources, and the support needed in the event of an IP infringement lawsuit.
IPISC is the most-trusted name in the intellectual property (IP) insurance market, offering the longest-standing, established insurance products to help fund IP litigation. Being in the business of IP insurance for 24 years, you can trust the reliable experience of IPISC's team to help ensure successful outcomes for our policyholders.
Intellectual Property Insurance Services Corporation
9720 Bunsen Parkway, Louisville, KY 40299
Ph. 502-491-1144 / Tf. 800-537-7863
Media contact: Karrie Lewis, 502-855-5310; [email protected]
SOURCE Intellectual Property Insurance Services Corporation
Dec. 10, 2016 03:15 AM EST Reads: 400
Dec. 10, 2016 02:45 AM EST Reads: 2,266
Dec. 10, 2016 02:15 AM EST Reads: 786
Dec. 10, 2016 02:00 AM EST Reads: 1,985
Dec. 10, 2016 02:00 AM EST Reads: 583
Dec. 10, 2016 01:30 AM EST Reads: 3,998
Dec. 10, 2016 01:30 AM EST Reads: 760
Dec. 10, 2016 01:15 AM EST Reads: 1,220
Dec. 10, 2016 01:00 AM EST Reads: 1,263
Dec. 10, 2016 12:45 AM EST Reads: 471
Dec. 10, 2016 12:30 AM EST Reads: 613
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 9, 2016 11:30 PM EST Reads: 1,155
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lead...
Dec. 9, 2016 10:45 PM EST Reads: 549
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
Dec. 9, 2016 10:30 PM EST Reads: 1,732
Video experiences should be unique and exciting! But that doesn’t mean you need to patch all the pieces yourself. Users demand rich and engaging experiences and new ways to connect with you. But creating robust video applications at scale can be complicated, time-consuming and expensive. In his session at @ThingsExpo, Zohar Babin, Vice President of Platform, Ecosystem and Community at Kaltura, discussed how VPaaS enables you to move fast, creating scalable video experiences that reach your aud...
Dec. 9, 2016 10:00 PM EST Reads: 327