Developments re Fintiv Discretionary Denials of IPR Petitions

As we’ve noted in earlier blog posts, following the Fintiv decision, the PTAB has been denying petitions where a federal court is likely to decide validity before a final would be reached by the PTAB. A study by Unified Patents shows that 38% of petition denials in 2021 are due to Fintiv.

Many believe Fintiv goes against the intent of the America Invents Act, to allow determining patent validity in the Patent Office, before technical examiners who are best qualified to evaluate validity. Senator Patrick Leahy (D-VT), a co-author of the original Leahy-Smith America Invents ACT, announced on Weds., Sept. 29 that he is introducing a bill that would restore the IPR process to what Congress intended. Among other reforms, it reportedly would overrule Fintiv, and replace it with a list of limited factors for discretionary denial. 
Knowledge assets are defined in the study as confidential information critical to the development, performance and marketing of a company’s core business, other than personal information that would trigger notice requirements under law. For example,
The new study shows dramatic increases in threats and awareness of threats to these “crown jewels,” as well as dramatic improvements in addressing those threats by the highest performing organizations. Awareness of the risk to knowledge assets increased as more respondents acknowledged that their