Newegg just took out one of the biggest patent trolls on the web. A troll so pervasive, it threatened to put out a mafioso lawsuit-insurance tax on basically every online retailer on the internet. Here's how it happened, as told in a great writeup over at Ars Technica.
The troll in question was Soverain Software. On the surface, Soverain was an active member of the tech industry, with business deals and patents to prove it. It was all a shell, though; the company's true mission was collecting broad patents and suing the world. It was suit-happy, sure, but what made Soverain a cut above the average patent troll was that it had an actual endgame. It wanted one percent of every single transaction on the internet that used a shopping cart. For many retailers, that would be massive trouble considering their slim margins—even monolithic Amazon has trouble making ends meet.