IPVal Plaintiff Opens Up LED Lighting Litigation

Brightplus Ventures LLC, a plaintiff associated with Texas monetization firm IPValuation Partners, LLC (d/b/a IPVal), has launched litigation over the portfolio of LED and LCD backlighting patents received from IDEAL Industries Lighting, a subsidiary of IDEAL Industries this past March. LG Electronics (LGE) ( 2:22-cv-00170) was sued in late May, with TCL ( 2:22-cv-00194) added as a defendant afterward, both in the Eastern District of Texas. The cases follow the end of IDEAL's own litigation, mid-appeal from a mixed decision from the International Trade Commission.

Original development work for the transacted patents, including those now asserted in litigation (7,690,812; 7,872,705; 8,177,382; 8,294,075; 8,330,710; 8,941,331; 9,605,835; RE42,598; RE45,796), was conducted at Cree. All eight patents are in suit against both LGE and TCL. In October 2021, Cree announced a name change, to Wolfspeed, after completing a "massive four-year transformation, involving the