Marathon Patent Group's Wholly Owned Subsidiary, Relay IP, Inc., Files Patent Infringement Lawsuit Against Securities Industry Automation Corporation
ALEXANDRIA, VA--(Marketwired - May 14, 2013) - Marathon Patent Group, Inc. (
Relay is asserting infringement related to U.S. Patent number 5,331,637, entitled Multicast Routing Using Core Based Trees. The lawsuit alleges that the Defendant has infringed, and continues to infringe, the claims of the patent in suit by using the accused method claimed in distributing data and/or data feeds via distribution network(s), including but not limited to the National Market Systems distribution network running on the Secure Financial Transaction Infrastructure, which practice the Protocol Independent Multicast-Sparse Mode standard ("PIM-SM") for multicast routing.
About Marathon Patent Group
Marathon Patent Group ("Marathon") is an intellectual property services and patent licensing company that serves a wide range of patent holders and technologies from Fortune 500 to independent inventors. Marathon provides its clients advice and services that enable them to realize financial and strategic return on their intellectual property rights. Marathon serves clients through two complementary business units: IP Services, which devises strategies that allow our clients to maximize the value of their intellectual property assets, and IP Licensing, which acquires patent assets, partners with patent holders, and monetizes patent portfolios through actively managed patent licensing campaigns. Marathon is based in Alexandria, Virginia. www.marathonpg.com
Forward Looking Statements
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"), not limited to Risk Factors relating to its patent business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
Released May 14, 2013