Service helps securely manage pre-trial discovery process.
Press Release Summary:
IP Litigation Discovery Escrow Service helps patent litigation attorneys leverage intellectual property (IP) assets held in escrow. Neutral, secure, and controlled environment lets plaintiffs access and examine IP in question, while eliminating potential exposure and risk associated with defendants delivering that information directly to plaintiffs. This helps comply with discovery provisions related to IP litigation while letting customers regulate who may view materials and when.
Original Press Release:
Iron Mountain Digital Announces IP Litigation Discovery Escrow Service to Simplify and Facilitate Pre-Trial Discovery
Helps IP Attorneys Easily, Securely and Cost-Efficiently Manage the Discovery Process
NEW YORK, Feb. 2 -- Iron Mountain Digital, the technology arm of Iron Mountain Incorporated (NYSE:IRM), today unveiled its IP Litigation Discovery Escrow Service at the LegalTech New York conference and exhibition, at booth # 2105 and 2107, where the service will be showcased along with eDiscovery solutions from Stratify, an Iron Mountain company.
Research analyst firm, Gartner, states, "Litigation is counter-cyclical, and with more trouble in the economy, there will be more litigation."(1) Iron Mountain has witnessed this trend as well, and developed its IP Litigation Discovery Escrow Service, or Discovery Escrow, in response to requests from patent litigation attorneys to better leverage intellectual property (IP) assets held in escrow. Discovery Escrow has been put into service by some of the world's most notable technology companies over the past year. Iron Mountain provides a neutral, secure and controlled environment that allows plaintiffs to access and examine the intellectual property in question, while eliminating the potential exposure and risk associated with defendants delivering that proprietary information directly to plaintiffs.
Iron Mountain's Discovery Escrow service allows organizations to efficiently comply with the discovery provisions related to intellectual property litigation. As part of a mutually beneficial protective order to the court, the Discovery Escrow service helps to reduce the cost, response time, and risks that frequently accompany legal discovery. Leveraging Iron Mountain's extensive national footprint of secure data protection vaults, the Discovery Escrow service is available over a broad geographic area, enabling the service to be delivered at locations that are conveniently located and agreeable to both parties.
"We recently used Iron Mountain's IP Litigation Discovery Escrow Service for a case where the parties needed to produce their source code in New York, California, and Texas. Iron Mountain was able to provide us with a secure space in each location," said Keana T. Taylor, an intellectual property attorney with Wong, Cabello, Lutsch, Rutherford & Brucculeri, L.L.P. "As a result, the needs of both parties' counsel were met and the clients' IP remained protected."
Another IP law firm that recently has used the Discovery Escrow service comments, "We wouldn't think of anyone else to turn to for this sort of highly sensitive review outside our offices, except Iron Mountain. You've done an excellent job in helping us with the discovery process."
Iron Mountain's Discovery Escrow service provides the convenience of secure locations near all major metropolitan areas in North America. Guarded, climate-controlled, state-of-the-art data protection vaults store all types of intellectual property materials. Secure rooms, which are specifically configured to prevent all external communications, are used for examining relevant materials while retaining strict control against dissemination. Customers can easily specify and regulate who may view materials, and when those materials are available for examination.
"During the discovery phase of litigation there is an inherent conflict of interest between the parties," stated David Strouse of Iron Mountain Digital's Intellectual Property Management services. "Defendants must satisfy the discovery requirements of the court while simultaneously protecting their intellectual property. At the same time, it is essential that plaintiffs' attorneys and experts gain access to the information necessary to prepare for trial. Iron Mountain is renowned as a trusted, neutral third party; this is why it can so successfully balance the needs of both the defendant and the plaintiff."
To download a free white paper on The Challenge of Legal Discovery for Patent Litigation, view an online presentation, or review the data sheet on Iron Mountain's IP Litigation Discovery Escrow Service, please visit: ironmountain.com/discoveryescrow
For more information about the IP Litigation Discovery Escrow Service, please call Iron Mountain Digital at 800-962-0652 or email ipm-info@ironmountain.com.
(1) January 9, 2009 report on "Reduce the Cost and Risk of e-Discovery in 2009" by Debra Logan and John Bace
About Iron Mountain Digital
Iron Mountain Digital is the world's leading provider of Storage-as-a-Service solutions for backup and archiving. The technology arm of Iron Mountain Incorporated offers a comprehensive suite of data protection, archiving and intellectual property management solutions to thousands of companies around the world, directly and through a world-wide network of channel partners. Iron Mountain Digital is based in Southborough, Mass. with European headquarters in Frankfurt, Germany. For more information on Iron Mountain Digital's Intellectual Property Management services, visit www.ironmountain.com/ipm.
About Iron Mountain
Iron Mountain Incorporated (NYSE:IRM) helps organizations around the world reduce the costs and risks associated with information protection and storage. The company offers comprehensive records management and data protection solutions, along with the expertise and experience to address complex information challenges such as rising storage costs, litigation, regulatory compliance and disaster recovery. Founded in 1951, Iron Mountain is a trusted partner to more than 120,000 corporate clients throughout North America, Europe, Latin America and Asia Pacific. For more information, visit the company's Web site at www.ironmountain.com.
