Real-Time Analytics for High-Risk Lending

Lenders can join the growing ranks of financial professionals utilizing Docket Alarm to enhance their businesses. Not merely for attorneys, Docket Alarm’s search and analytics platform help lenders easily conduct due diligence and even automate due diligence tasks. This is most beneficial when information on a potential borrower is scarce.

Data points from Docket Alarm can be used to evaluate the level of risk associated with lending to certain borrowers, industries, and geographical areas. For example, users can view and track the number of bankruptcies for a in a geographic area, whether the bankruptcies for that entity are tending upward or downward, the bankruptcy history for a particular entity or individual, the litigation history for a particular entity or individual, and more. Moreover, this data is always up-to-date, so you can be confident that you are provided with the latest, most accurate information.

Lenders can also flag entities and individuals to receive continuous, automated updates on their bankruptcy and litigation records. Once you conduct a bankruptcy or litigation search on a party, you can click the “Track this Search” button to receive an alert when a new bankruptcy or litigation docket is created or when an existing docket is updated. These alerts are sent right to your inbox, and contain a summary along with a PDF attachment of the new or updated document. This feature eliminates the need to login to the platform to view new information.

Sign up today at to start automating your due diligence today.

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War of the Drones: Parrot to Pay $7.8M in Patent Infringement Lawsuit

Last week, a Pennsylvania jury handed down one of the first patent infringement verdicts involving drones. Drone Technologies Inc. filed suit against France-based Parrot SA for infringement on two of their patents, U.S. Patents 7,584,071and 8,106,748.

Parrot is a well-known drone manufacturing company, focusing primarily on the toy and hobby market.

The jury ruled in favor of Drone Technologies Inc., granting $7.8 million in damages. Of that amount, $3.8 million was in past damages and $4 million in future damages. While seemingly large, this was $17 million less than what Drone Technologies asked for in their complaint.

The complaintalleged that Parrot’s infringed the company’s remote control app. Purchasers of two of Parrot SA’s drone models could download a free app on their Apple or Android device for the purpose of operating and controlling the drone remotely.

Parrot SA filed Inter Partes Review petitions for both patents, IPR2014-00730and IPR2014-00732, with the Patent Trials and Appeal Board (PTAB). These petitions seek to invalidate Drone Technologies’ patents on the basis that the claims contained in each patent are anticipated by the prior art under 35 U.S.C. § 102 and obvious under 35 U.S.C. § 103. Both petitions have been instituted by the PTAB.

You can view the entire dockets for both Inter Partes Review proceedings, IPR2014-00730and IPR2014-00732, on Docket Alarm. Additionally, you can receive the latest updates on each IPR proceeding through Docket Alarm’s tracking feature. Simply click the “Track this Docket” button on the docket page to receive an email alert when the docket is updated.

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Online Background Check Services and API - the Cost Effective Way

Professionals use Docket Alarm to conduct background checks on potential clients, partners, investments, and more. Docket Alarm can identify red flags, like past or pending federal litigation, involvement in bankruptcy proceedings, and even disputes over IP assets.

While you can search for a company’s background information on Docket Alarm’s robust search platform, the real utility is in Docket Alarm’s ability to automate these types of checks. Using Docket Alarm’s API (Application Programming Interface), you can set up recurring background checks on particular entities or individuals. Docket Alarm will send you API push notifications and an email for a chosen party when a docket is created or updated. Dockets are created or updated when a party is sued or sues another, files for bankruptcy, is prosecuted for a crime, or appeals a judgment.

For example, if your venture capital firm is looking to invest in a particular company, you can use Docket Alarm’s API to send you push notifications and emails when the company has been sued, files a lawsuit against someone else, or files for bankruptcy. You can also set up similar alerts on your competitors. This type of automated due diligence allows you to quickly evaluate risk and identify problems or opportunities as they arise, not weeks later. Additionally, these types of company-specific notifications can also be used to continuously evaluate the risk in ongoing relationships.

What sets Docket Alarm apart from other services, is that Docket Alarm is integrated directly into the U.S. court and bankruptcy system.  While other services can have information that may be months or even years out-of-date, Docket Alarm alerts are in real-time.

Docket Alarm’s open API can be seamlessly integrated with existing conflicts and background check software.

Visit www.docketalarm.comtoday to sign up for automated background checks with Docket Alarm’s API.

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Docket Alarm is an advanced search and litigation tracking service for the Patent Trial and Appeals Board (PTAB), the International Trade Commission (ITC), Bankruptcy Courts, and Federal Courts across the United States. Docket Alarm searches and tracks millions of dockets and documents for thousands of users.

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