Help Wanted: Hedge Fund Mole
Posted May 10, 2007 01:38 pm CDT
Hedge fund managers are sending patent litigators to court to report on the outcome of patent litigation.
Ron Laurie, of Inflexion Point Strategy, an IP investment bank, told IP Law and Business that he’s heard the lawyers help the managers make trades before news services can report on the proceedings.
As soon as a judge issues a ruling, “15 guys jump up and run out of the room,” he says. “These guys are texting the hedge fund, so they can short the stock.”