Patent 11087307

Assignment history

Inventors, original assignee, and the chain of ownership recorded with the USPTO — including the correspondent attorney who recorded each assignment, since shell-LLC chains often share one repeat-player attorney even when the entity names look unrelated. Surfaces NPE / patent-troll patterns: shell-entity transfers, known asserters in the chain, repeat correspondent fingerprints, pre-litigation assignments, and bankruptcy fire-sales.

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Ownership chain (2)

Asserters network →

Structured records extracted from the assignment-history narrative below. Each entity links to its full ownership-network profile.

  1. 2024-10-18 · reel 063628/0091 · Assignment

    BALLOUT, RABIHPAYGEO LLC

    Correspondent: Bram F. Schwartz · Greenberg Traurig

    transfer-to-asserter

  2. 2025-03-25 · reel 064619/0784 · Security Agreement

    PAYGEO LLCPICCADILLY PATENT FUNDING LLC, AS SECURITY HOLDER

    Correspondent: Anne M. Kabourek

    securitization

Assignment history

Inventors, original assignee, and the chain of ownership recorded with the USPTO — including the correspondent attorney who recorded each assignment, since shell-LLC chains often share one repeat-player attorney even when the entity names look unrelated. Surfaces NPE / patent-troll patterns: shell-entity transfers, known asserters in the chain, repeat correspondent fingerprints, pre-litigation assignments, and bankruptcy fire-sales.

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Inventors

Original assignee

The original assignee is listed as "Individual" at the time of filing, as seen in the Google Patents information. The patent was later assigned to Paygeo LLC. There is no information within the provided text to determine if "Individual" or Paygeo LLC shipped a product embodying the claims at the time of original assignment. Paygeo LLC's primary line of business is understood to be related to financial transaction platforms, as described in the patent. As of the current date (May 24, 2026), Paygeo LLC is listed as the Current Assignee and the patent is active and involved in litigation, suggesting it is an operating entity, or at least active in asserting the patent.

Assignment timeline

  • 2024-10-18 (executed) / recorded 2024-10-18 - Reel 063628/0091

    • Conveyance: Assignment
    • Assignor: BALLOUT, RABIH
    • Assignee: PAYGEO LLC
    • Correspondent: BRAM F. SCHWARTZ, GREENBERG TRAURIG, LLP, 3333 PIEDMONT ROAD NE, SUITE 2500, ATLANTA, GA 30305
    • Context: Transfer from individual inventor to LLC.

  • 2025-03-25 (executed) / recorded 2025-03-25 - Reel 064619/0784

    • Conveyance: PATENT SECURITY AGREEMENT
    • Assignor: PAYGEO LLC
    • Assignee: PICCADILLY PATENT FUNDING LLC, AS SECURITY HOLDER
    • Correspondent: ANNE M. KABOUREK, 12222 MERIT DRIVE, SUITE 1650, DALLAS, TX 75251
    • Context: Securitization of the patent by Paygeo LLC to Piccadilly Patent Funding LLC.

Timeline diagram

timeline
    title Ownership of US 11087307
    2021 : Issued to Individual
    2024 : Assigned to PAYGEO LLC
    2025 : Security agreement with PICCADILLY PATENT FUNDING LLC

NPE / troll-pattern signals

  1. Shell-entity transfer — Unclear. The transfer from an "Individual" to "PAYGEO LLC" and then the security agreement with "PICCADILLY PATENT FUNDING LLC" raises questions, but there isn't enough information to definitively label either LLC as a shell entity solely for licensing or assertion without product information or details on their business operations. The provided text states Paygeo LLC is the "Current Assignee" and the patent is "Active" with "litigation," which could imply an operating company asserting its patent or an NPE.
  2. Known asserter in the chain — Not present. Neither PAYGEO LLC nor PICCADILLY PATENT FUNDING LLC are explicitly listed as known high-frequency NPEs in the provided information or common public lists.
  3. Repeat correspondent across the chain — Not present. There are different correspondents listed for the two recorded transactions: BRAM F. SCHWARTZ of GREENBERG TRAURIG, LLP for the assignment to Paygeo LLC, and ANNE M. KABOUREK for the security agreement.
  4. Cascading transfers — Not present. There are two recorded transactions within about five months, but these are an assignment followed by a security agreement, not multiple consecutive assignments of ownership.
  5. Pre-litigation transfer — Present. The first worldwide family litigation was filed after the "Priority date" of 2011-07-18. However, the Google Patents "Family has litigation" section indicates a US case filed in the Texas Eastern District Court (2:25-cv-00334) and a PTAB case (IPR2025-01554) in 2025. The assignment to PAYGEO LLC was recorded on 2024-10-18 (Reel 063628/0091) and the security agreement on 2025-03-25 (Reel 064619/0784). The filing of these litigation events in 2025, within 6 months of the security agreement and within a year of the assignment, could indicate a pre-litigation transfer or preparation for assertion.
  6. Bankruptcy fire-sale — Not present. There is no indication of bankruptcy proceedings for the original assignee or any subsequent assignors.
  7. Privateering — Unclear. There is no information available to determine if an operating company transferred the patent to an NPE to assert on its behalf.
  8. Defensive aggregator (anti-NPE) — Not present. The chain does not terminate at any known defensive aggregators.

Verdict

NPE — moderate confidence. The presence of a pre-litigation transfer signal, with the assignment and security agreement occurring within months of the initial litigation filings in 2025, suggests the patent chain was arranged to facilitate assertion. While the names "PAYGEO LLC" and "PICCADILLY PATENT FUNDING LLC" alone are not definitive, the proximity of the transfers to litigation events indicates a strategic transfer.

Verification: https://assignmentcenter.uspto.gov/ (search for patent number 11087307).

Generated 5/24/2026, 6:49:07 PM