Marathon Patent Group Wholly-Owned Subsidiary Signal IP Receives Scheduling Order in Trial with Fiat U.S.A.
LOS ANGELES, CA -- (Marketwired) -- 05/22/17 -- Marathon Patent Group, Inc. (NASDAQ: MARA) ("Marathon" or "Company"), an IP licensing and management company, today announced that on Friday, May 19, 2017, the court issued an order in the matter of its subsidiary Signal IP, Inc. v. Fiat U.S.A., Inc., Case: 2-14-cv-13864, adjourning the trial until further notice of the Court.
The order signed by District Judge Mark A. Goldsmith is as follows:
"The current dates in the case management and scheduling order (Dkt. 28) for the submission of the parties' proposed joint final pretrial order, final pretrial conference, and trial are adjourned until further order of the Court. SO ORDERED."
Doug Croxall, CEO of Marathon, stated, "We look forward to seeing the Judge place it back on the court calendar so we may proceed to trial."
The case remains pending the U.S. District Court for the Eastern District of Michigan involving U.S. patents in suit: 5714927, 5732375, 6434486, 6775601, 6012007 and 5463374.
About Marathon Patent Group, Inc.
Marathon is an IP licensing and management 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.
Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, but not limited to, the amount and use of proceeds the Company expects to receive from the sale of the shares of common stock in the registered direct offering and the closing of the transactions. Forward-looking statements can be identified by the use of words such as "may," "will," "plan," "should," "expect," "anticipate," "estimate," "continue," or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate, and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading "Risk Factors" in the Company's Annual Reports on Form 10-K, as may be supplemented or amended by the Company's Quarterly Reports on Form 10-Q. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise.
Marathon Patent Group
Source: Marathon Patent Group
Released May 22, 2017