Marathon Patent Group Announces Ruling in Signal IP Case Against Toyota North America
Stay of Proceedings Concerning '927 Patent Lifted and Trial Date Set
LOS ANGELES, CA -- (Marketwired) -- 08/29/16 -- Marathon Patent Group, Inc. (NASDAQ: MARA) ("Marathon" or "Company"), an IP licensing and commercialization company, today announced that on August 24, 2016, Judge John A. Kronstadt, district judge for the United States District Court for the Central District of California, issued a ruling in Signal IP, Inc. v. Toyota North America, et al, 2-15-cv-05162.
"The Court has reviewed the Joint Report Regarding the Stay Pending Inter Partes Review (Dkt. 78). Based on that review, this action is severed as follows: ... [t]he proceedings concerning the '007 and '375 patents are stayed pending the outcome of the IPR proceedings. The stay of proceedings concerning the '927 patent is lifted, and the following schedule is adopted ... [j]ury Trial set for 12/12/2017 ... Markman Hearing set on 1/26/2017."
"We are pleased with Judge Kronstadt's ruling to sever the CACD case and to lift the stay in the proceedings concerning the '927 patent, allowing the case to proceed," said Doug Croxall, CEO of Marathon Patent Group.
About Marathon Patent Group
Marathon is an IP licensing and commercialization company. The Company acquires and manages IP rights from a variety of sources, including large and small corporations, universities and other IP owners. Marathon has a global focus on IP acquisition and management. The Company's commercialization division is focused on the full commercialization lifecycle which includes discovering opportunities, performing due diligence, providing capital, managing development, protecting and developing IP, assisting in execution of the business plan, and realizing shareholder value. To learn more about Marathon Patent Group, visit www.marathonpg.com.
Safe Harbor Statement
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Marathon Patent Group
Source: Marathon Patent Group
Released August 29, 2016