LECG to Present Economic Analysis of Intellectual Property Damages.EMERYVILLE, Calif.--(BUSINESS WIRE)--Sept. 21, 1998--Experts from LECG LECG Law and Economics Consulting Group LECG Laboratory of Ecological and Conservation Genetics , Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of The Metzler Group (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : METZ), will present a paper on the economic aspects of intellectual property damages. Their analysis will be presented at the LECG-sponsored "Economic Analysis of Intellectual Property Damages" conferences to be held October 2, 1998 in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden and October 9, 1998 in Chicago. The paper, written by LECG Managing Economist Edward Sherry and LECG Principal David Teece David J. Teece is the Mitsubishi Bank Professor of International Business and Finance and director of the Institute of Management, Innovation, and Organization at the Haas School of Business, University of California, Berkeley. , examines the roles of intellectual property damages as both a deterrent and compensatory mechanism in terms of an incentive to innovate. The paper recognizes that the value of intellectual property is highly context-dependent. "IP damages analysis is fundamentally economic and strategic in nature," says Sherry. "Conducting it properly requires an understanding of many economic issues, such as the market for know-how, business strategy, standards, and technological alternatives," he continues. The paper provides a comprehensive overview of basic economic premises and principles relevant to examining issues raised in intellectual property damages cases. In their coverage, the experts look at economic theories ranging from innovation and deterrence deterrence Military strategy whereby one power uses the threat of reprisal to preclude an attack from an adversary. The term largely refers to the basic strategy of the nuclear powers and the major alliance systems. to transaction cost economics. "Transaction Cost Economics is a relatively recent development which provides a number of useful economic insights into understanding intellectual property damages, particularly where large sunk investments are required to use the intellectual property," said Sherry. The analyses also covers the various elements of intellectual property damages analysis, such as complementary assets, preference in favor of market transactions, compensation and reasonable royalties, and discounting and interest on judgments. "We identify a number of background economic concepts and principles to provide a framework within which to understand various issues raised in connection with intellectual property damages," remarked Sherry. "Our approach can also be applied to valuing intellectual capital beyond that of damages analysis," added Dr. Teece. "Companies frequently don't have the faintest idea of what their IP is worth, and our methodologies can provide quantitative results." LECG is an economic consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" firm that provides access to knowledge resources and expert analysis for clients who require integrated business solutions. The Company's core of expertise is in the areas of antitrust, finance, damages analyses, environmental economics, industry deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. , and public policy. LECG is a wholly owned subsidiary of The Metzler Group. The Metzler Group is a leading nationwide provider of consulting services to energy based and related network industries. The Metzler Group's stock trades on the Nasdaq National Market under the symbol METZ. Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as, "forward looking statements" for purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provided by Section 21E of the Securities Exchange Act of 1934, as amended by Public Law 104-67. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. may be identified by words including "anticipate," "believe," "intends," "estimates," "expect" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation, those relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Company's future business prospects, revenues, working capital, liquidity, income, and acquisitions are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward looking statements, due to several important factors, including, among others, those identified from time to time in the Company's reports filed with the SEC. Such risk factors include, but are not limited to: acquisitions and acquisitions under consideration, significant client assignments, recruiting and new business solicitation efforts, regulatory changes and general economic conditions. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion