Marathon Patent Group (MARA) Reports Ruling in Signal IP Case Against Toyota

August 29, 2016 8:04 AM EDT

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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.

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