- Thinly traded nano cap Spherix (SPEX +22.8%) jumps on more than a 23x surge in volume in response to its announcement that it now has more patent infringement lawsuits on file than at any time in the past four years, including ten new cases filed in the past six months against some deep-pocketed defendants. More lawsuits will be filed by year end.
- Spherix's business model is centered on monetizing intellectual property via partnerships, licensing and enforcement.
Spherix patent litigation machine in full swing, 10 new lawsuits filed in last six months; shares up 23%
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