Patent wars: Mark Cuban involved in 'hoverboard' battle

Mark Cuban Involved In Hoverboard Patent Battle

By CW33

DALLAS -- It's the gadget that's been promised for the future. We're talking about the Hoverboard from "Back to the Future." The question isn't whether or not this thing will make money, but who will make money making it?

The patent for the toy belongs to a man by the name of Shane Chen whose company Inventist began a Kickstarter campaign for Hovertrax back in 2013. But earlier this year, Chen claims a man named John Soibatian created a knockoff of the hoverboard so Chen filed a lawsuit.

Now Dallas Mavericks owner Mark Cuban has signed a letter of intent to buy Chen's patent for the Hoverboard. There's even been a war of words on Twitter between Cuban and Soibatian.

Soibatian posted a photo of himself posing with Mavs player JaVale McGee and the knockoff Hoverboard. Cuban's response? "I'll just see you in court" with the hashtag #payme.

So, the fight for future profits is on. In the meantime, make sure you're careful out there on those things!

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Patent wars: Mark Cuban involved in 'hoverboard' battle
LOS ANGELES, CA - AUGUST 29: Jenelle Evans is seen riding on hover board on August 29, 2015 in Los Angeles, California. (Photo by Keith Johnson/Bauer-Griffin/GC Images)
The Hendo hovers a few inches above the ground. (Kickstarter)
A view from the top. (Kickstarter)
A close up view of the hoverboard. (Kickstarter)
The Hendo hovers effortlessly above a copper floor. (Kickstarter)
BACK TO THE FUTURE (1985) MICHAEL J. FOX, CHRISTOPHER LLOYD BTF 081
The Hendo hoverboard uses technology similar to that in high speed bullet trains like this one in Shenzhen China.
700 series Shinkansen bullet train pulling into Kyoto Station. Japan Railways produced the first bullet train.
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