Marathon Patent Group Announces Ruling in Signal IP
Order Denying Defendants Motion to Stay Pending Reexamination
LOS ANGELES, CA -- (Marketwired) -- 05/27/15 -- Marathon Patent Group, Inc. (NASDAQ: MARA) ("Marathon"), a patent licensing company, announced today that on May 26, 2015, the company's subsidiary Signal IP, Inc., received a favorable ruling in the matter of Signal IP, Inc. v. Volkswagen Group of America, Inc., et al., case number CV14-3113 JAK (C.D. Cal.).
The District Court of The Central District of California ("the Court") issued an order denying the motion to stay pending reexamination submitted by defendants Volkswagen Group of America, Inc. and Bentley Motors, Inc. In its conclusion, the Court ruled, "For the foregoing reasons, when all the relevant factors are considered, there is not a sufficient basis to enter the requested stay. Therefore, the motion is DENIED."
The aforementioned Defendants filed a motion to stay pending reexamination of three of Signal's Patents (the "Motion") on March 13, 2015. A hearing was held on May 21, 2015, at the conclusion of which the Motion was taken under submission. On May 26, 2015, the Motion was DENIED.
"Importantly, not only does this motion denying the stay apply to all the defendants in the California cases who may have sought a stay, but it clears the way to a speedy trial schedule. We anticipate the Court will issue its litigation and trial schedule imminently and expect trials to begin in early 2016," according to Doug Croxall, CEO of Marathon.
Liner LLP represents Signal IP, Inc. in the cases.
About Marathon Patent Group
Marathon is a patent acquisition and monetization company. The Company acquires patents from a wide-range of patent holders from individual inventors to Fortune 500 companies. Marathon's strategy of acquiring patents that cover a wide-range of subject matter allows the Company to achieve diversity within its patent asset portfolio. Marathon generates revenue with its diversified portfolio through actively managed concurrent patent rights enforcement campaigns. This approach is expected to result in a long-term, diversified revenue stream. To learn more about Marathon Patent Group, visit www.marathonpg.com.
About Liner LLP
Ranked one of Los Angeles' largest firms, Liner LLP (Liner) is a dynamic law firm representing clients throughout the country in the full range of IP disputes, including patents, trademarks, copyrights, trade secrets and licensing. The firm is experienced in all aspects of IP litigation in federal and state courts, including pre-litigation investigation and counseling, obtaining and defending against preliminary injunctions, trial and appellate advocacy. The firm's diverse client base includes Fortune 500 companies and other institutional entities, as well as small and medium-sized businesses and individual entrepreneurs. A full-service firm, Liner also offers broad expertise in commercial litigation, real estate, business disputes, finance, white collar crime, products liability, toxic tort, environmental, insurance, corporate and tax. http://www.linerlaw.com.
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Marathon Patent Group
Source: Marathon Patent Group
Released May 27, 2015