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Marathon Patent Group, Inc. Message Board

  • investora2z investora2z May 8, 2013 10:59 AM Flag

    More infringement lawsuits

    Marathon announced two patent infringement lawsuits recently. Its totally owned subsidiary Relay IP filed patent infringement lawsuit (U.S patent number 5,331,637) against Sprint Nextel Corporation, Juniper Networks, Cisco Systems, Allied Telesis, Bloomberg L.P., TIBCO Software, D-Link Corporation, Avaya, Hewlett-Packard Company, Enterasys Networks, Extreme Networks, BT Group, SAVVIS Inc., Zhone Technologies, Huawei Technologies, Hitachi Cable America, and Adtran in the United States District Court for the District of Delaware. Further, Marathon's wholly owned subsidiary, Sampo IP LLC filed a lawsuit in the United States District Court for the Eastern District of Texas against ETrade Financial Corporate Services Inc., Liberty Mutual Group Inc., Aetna Inc., Avon Products Inc., Starbucks Corporation, Yum! Brands Inc., Hewlett-Packard Company, and Alcatel-Lucent USA Inc. Sampo is alleging infringement of three patents (U.S. Patent numbers 6,161,149, 6,772,229, and 8,015,495) all entitled Centrifugal Communication and Collaboration Method. These are the same three patents for which infringement lawsuit was filed in March 2013 by Sampo against Sony Computer Entertainment America, Siemens Energy, Dell, CB Apex Realtors, d/b/a Coldwell Banker Apex Realtors, Blue Cross, Juniper Networks, Winn-Dixie Stores etc. in the same court. Markman hearing for that case is due sometime in October, and it is expected that MARA will remain active in a run up to the event. Stocks of plaintiff companies have tripled before Markman hearing, and there is little reason to expect anything different for Marathon. It is already up by 50% from its recent low of $0.30, and may end much higher in October. The fact that another lawsuit has been filed for the same patents indicates the confidence of the company in the strength of its claims. No wonder, Marathon is backed by Hudson Bay, Iroquois Capital Group and Barry Honig. Importantly, this sudden activity is in addition to acquisitions of patents.

 
MARA
18.35+0.61(+3.44%)Dec 19 4:00 PMEST

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