TiVo’s Top Patent Litigator, Arvin Patel, Out Following $1.1B Xperi Merger

Discussion in 'TiVo Coffee House - TiVo Discussion' started by kpeters59, Jun 8, 2020.

  1. kpeters59

    kpeters59 Well-Known Member

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    TiVo’s Top Patent Litigator, Arvin Patel, Out Following $1.1B Xperi Merger | Next TV

    TiVo’s Top Patent Litigator, Arvin Patel, Out Following $1.1B Xperi Merger
    By Daniel Frankel 4 days ago

    Exodus of company’s top corporate lawyers also includes general counsel Pamela Sergeeff


    • TiVo’s general counsel and chief compliance officer, Pamela Sergeeff, and its chief intellectual property officer, Arvin Patel, will not be part of the company following the closure of its merger with Xperi, SEC filings reveal.


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    (Image credit: TiVo)


    The merger of TiVo Corp. and Xperi Corp. closed earlier this week, creating one of the largest patent licensing business, with more than 11,000 patents and patent applications, falling under the Xperi brand.

    Bloomberg Law report, Xperi chief legal officer Paul Davis remains on the management team. But TiVo’s top corporate legal counsel are being bought out. Patel—who has spearheaded TiVo’s well-publicized and ongoing patent dispute with Comcast, is receiving a $1.8 million golden parachute, according to the filings $450,000 of it in cash.

    Also read: TiVo Trumpets ITC’s Final Ruling—Comcast Violated Patent on Search Highlight Feature

    We sent a note to Xperi Holdings reps today to try to find out how the departure of TiVo’s top legal personnel might impact the litigation with Comcast, which has been routinely mentioned as a high priority by TiVo, despite the substantial cost to maintain it. They’ve yet to respond.

    It’s notable that prior to the announcement of the $1.1 billion deal, TiVo was looking to separate its products business, which makes things like the new TiVo Stream 4K OTT dongle, from the intellectual property business formed when it merged with Rovi Corp. five years ago.

    Much of the logic came from the fact that TiVo was trying to sell products to a market that it was also trying to, in some cases, enforce patent licensing upon. And that hasn't always been easy to do.


    In early 2017, for example, as its dispute with TiVo/Rovi ramped up, Comcast replaced TiVo with Gracenote as its metadata vendor.

    TiVo viewed separating the patent licensing business as a priority. And now that operation will function under the Xperi brand name.


    Discuss...

    -KP
     
  2. trip1eX

    trip1eX imo, afaik, feels like to me, *exceptions, ~aprox

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    my guess is it means nothing. people get let go in mergers because they don't need 2 sets of lawyers and 2 CEOs and 2 CFOs etc.

    I read that this year Tivo got a favorable ruling against Comcast with another ruling to come shortly.
     
  3. Worf

    Worf Well-Known Member

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    Sep 15, 2000
    Yeah, usually it means they got served a very nice package. It also doesn't mean they're gone - they may be available as external counsel and may be available via retainer It's just instead of being full time at TiVo they can work on other things as well.
     

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