The popular HBO television show "Last Week Tonight with John Oliver," which takes a satirical look at the week in news, politics and current events, tapped Group 42's director Alan Schoenbaum as a patent law subject matter expert.
The April 19, 2015 episode delved into the phenomenon of so-called patent trolls and ran an interview with Alan Schoenbaum that originally aired on News 4 San Antonio in 2013.
"It's an extortion game, because it costs between $2 and $5 million to defend a patent suit," said Schoenbaum in News 4's video, describing why people and companies are often forced to settle patent disputes out of court. "So, the patent troll says, 'We'll settle for $100,000'. "
Alan Schoenbaum is an attorney and executive who specializes in technology, corporate governance, corporate and securities, mergers and acquisitions, and government affairs. He is currently the lead independent director for CST Brands, Inc., one of the largest independent retailers of motor fuels and convenience merchandise and services in North America.
From 2005 until February 2014 when he retired, Schoenbaum was Senior Vice President and General Counsel of Rackspace Hosting, Inc., a publicly traded cloud computing company recognized as a global leader in hybrid cloud-based software and hosted solutions.
Group 42's board of directors comprises highly trained and experienced executives with expertise in many areas including investment banking, energy and energy services, intellectual property, business strategy, corporate finance, and more.