Marathon Patent Group Announces Ruling in TLI Communications Patent Litigation
LOS ANGELES, CA -- (Marketwired) -- 02/10/15 -- Marathon Patent Group, Inc. (NASDAQ: MARA) ("Marathon"), a patent licensing company, announced today a ruling in its wholly-owned subsidiary TLI Communications LLC patent litigation.
District Court Judge T.S. Ellis ruled, "ORDER, for the reasons stated in the accompanying memorandum opinion of even date, that defendants' consolidated motion to dismiss is GRANTED; that all of the remaining member cases are DISMISSED. In view of the result reached with respect defendants' consolidated motion to dismiss, it is unnecessary to reach or decide any of the disputed claim terms pursuant to Markman v. Westview Instruments, Inc."
"We intend to appeal this ruling at the Federal Circuit. In the interim, our German counterpart TLI Communications GmbH has already started asserting our patent rights in a jurisdiction that is not affected by the Supreme Court's decision in Alice," said Doug Croxall, Marathon's Founder and CEO.
As announced Monday, Marathon's wholly-owned subsidiary TLI Communications GmbH filed a patent infringement lawsuit against Apple Inc., Apple Distribution International and Apple Retail Germany GmbH in the Regional Court of Munich in Germany. TLI Communications GmbH is asserting the German part of European patent 0 814 611 B1 against the defendants' iCloud service, as well as the defendants' iPhone and iPad devices, which include the "iCloud photo sharing" function.
Croxall concluded, "While we have had numerous favorable rulings in recent months, our business model was founded on the understanding and expectation that there may be an adverse ruling from time to time. It's for that reason we have built a highly diversified asset base including both US and international patents that help serve to mitigate risk from a single specific ruling."
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.
Safe Harbor Statement
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.
Marathon Patent Group
Source: Marathon Patent Group
Released February 10, 2015