Marathon Patent Group Announces Ruling in Signal IP

Marathon Patent Group, Inc.

("Marathon"), a patent licensing company, announced today that on May 26, 2015, the company's subsidiary Signal IP, Inc., received a favorable ruling in the matter of Signal IP, Inc. v. Volkswagen Group of America, Inc., et al., case number CV14-3113 JAK (C.D. Cal.). The District Court of The Central District of California ("the Court") issued an order denying the motion to stay pending reexamination submitted by defendants Volkswagen Group of America, Inc. and Bentley Motors, Inc. In its conclusion, the Court ruled, "For the foregoing reasons, when all the relevant factors are considered, there is not a sufficient basis to enter the requested stay. Therefore, the motion is DENIED." The aforementioned Defendants filed a motion to stay pending reexamination of three of Signal's Patents (the "Motion") on March 13, 2015. A hearing was held on May 21, 2015, at the conclusion of which the Motion was taken under submission. On May 26, 2015, the Motion was DENIED. "Importantly, not only does this motion denying the stay apply to all the defendants in the California cases who may have sought a stay, but it clears the way to a speedy trial schedule. We anticipate the Court will issue its litigation and trial schedule imminently and expect trials to begin in early 2016," according to Doug Croxall, CEO of Marathon. Liner LLP represents Signal IP, Inc. in the cases.