Marathon Patent Group Wholly Owned Subsidiary TLI Communications GmbH Wins First Instance Patent Infringement Ruling Including Injunctive Relief Against Yahoo! Inc. and Pinterest Germany GmbH
(firmenpresse) - LOS ANGELES, CA -- (Marketwired) -- 04/21/16 -- (NASDAQ: MARA) ("Marathon"), a patent licensing company, announced today that on April 21, 2016, Marathon Patent Group''s wholly owned subsidiary TLI Communications GmbH was notified that two favorable first instance patent infringement rulings have been issued involving the German part of European patent EP 0 814 611 B1 (''patent in dispute'') before the Munich District Court I. The rulings include injunctive relief and declaration of liability for damages, as well as the additional grant of claims for a rendering of accounts related to the infringing products.
The rulings apply in the matter of TLI Communications GmbH versus:
Yahoo! Inc. and Yahoo! EMEA Limited, concerning the Internet service "Flickr" operated by Yahoo! Inc. and Yahoo! EMEA Limited, as well as the associated application software for smartphones and tablet computers;
Pinterest Germany GmbH, concerning the Internet service "Pinterest" operated by the Pinterest Germany GmbH and Pinterest Inc., as well as the associated application software for smartphones and tablet computers.
All defendants may appeal these rulings to the Munich Court of Appeal. However, TLI Communications GmbH may immediately enforce today''s rulings, in particular the injunctive relief, after providing a certain security set by the Court.
Parallel proceedings are pending against Tumblr, Inc., Pinterest, Inc., Box Inc., and Box.com (UK) Ltd.
The nullity (validity) hearing is scheduled November 17, 2016, but it will not affect today''s rulings until after that date should TLI receive an adverse ruling in that hearing. The Munich District Court was not convinced of a high likelihood of patent invalidation and therefore, in its recent rulings, has rejected Yahoo! and Pinterest Germany''s request for a stay of the infringement proceedings pending the outcome of the parallel validity proceedings.
"We are pleased that the Munich District Court has held that the defendants infringe our valuable patent and that we will be able to seek injunctive relief. I would like to thank our legal and licensing teams for their tremendous efforts to date," said Doug Croxall, Founder and CEO of 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 .
Noerr is one of the top European law firms with more than 500 professionals in Germany, Europe and the USA. The firm delivers real value to clients by devising and handling the right solutions to complex and sophisticated legal matters. The Noerr difference is its unique combination of legal excellence, creative thinking, international experience and in-depth industry knowledge.
Bosch Jehle is a German patent law firm that specializes in patent prosecution and litigation with a strong focus on electrical engineering and telecommunications. With a team of 12 professionals qualified in Germany and the U.S., Bosch Jehle has been playing an active role in several transatlantic litigations.
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
Jason Assad
678-570-6791
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 21.04.2016 - 11:05 Uhr
Sprache: Deutsch
News-ID 1429748
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
LOS ANGELES, CA
Phone:
Kategorie:
Investment Services & Trading
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 237 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Marathon Patent Group Wholly Owned Subsidiary TLI Communications GmbH Wins First Instance Patent Infringement Ruling Including Injunctive Relief Against Yahoo! Inc. and Pinterest Germany GmbH
"
steht unter der journalistisch-redaktionellen Verantwortung von
Marathon Patent Group (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
