Update: Patent Reform Act of 2007
The ascendency of patent litigation over the past few decades — in Delaware and elsewhere — neatly tracks the United States's broader shift to an information economy and the increasing value that companies place on intellectual property. As with other areas of the law (e.g., securities), a spike in litigation often provokes a congressional response. In the realm of patents, witness the Patent Reform Act of 2007, which this and other blogs have been monitoring.
For the latest on this legislation, Patently O reported yesterday a comprehensive update, with links to primary sources, commentary, and lobbying players.