Marathon Patent Group (MARA) Posts Q2 Loss of 32c/Share

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Go back to Marathon Patent Group (MARA) Posts Q2 Loss of 32c/Share

Marathon Patent Group's Wholly-Owned Subsidiary, TLIF, LLC, Enters Into Settlement and License Agreement With Biomet, Inc.

August 13, 2015 8:45 AM EDT

LOS ANGELES, CA -- (Marketwired) -- 08/13/15 -- Marathon Patent Group, Inc. (NASDAQ: MARA) ("Marathon"), a patent licensing company, announced today that its wholly-owned subsidiary, TLIF, LLC ("TLIF"), has entered into a settlement and license agreement with Biomet, Inc. The consideration to be paid by Biomet to TLIF and all other terms of the license agreement are confidential.

The TLIF portfolio consists of patents which relate to implants and prosthesis with specific claims covering placement and insertion of spinal discs into a human spinal column. Patent claims also address the components,... More