Marathon Patent Group Wholly Owned Subsidiary TLI Communications GmbH Starts Enforcement of Injunction Against Yahoo! Inc. and Yahoo! EMEA Ltd.
LOS ANGELES, CA -- (Marketwired) -- 06/01/16 -- Marathon Patent Group, Inc. (NASDAQ: MARA) ("Marathon" or "Company"), a patent licensing and commercialization company, announced today that on May 30, 2016, its wholly owned subsidiary TLI Communications GmbH enforced an injunction against Yahoo! Inc. and Yahoo! EMEA Ltd.
The enforcement of the injunction follows two favorable first instance patent infringement rulings issued April 21, 2016, involving the German part of European patent EP 0 814 611 B1 ("EP '611") before the Munich District Court I.
The rulings applied 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.
The judgment ordered Yahoo! Inc. and Yahoo! EMEA Ltd., to cease and desist from offering and supplying in the Federal Republic of Germany, server resources and/or operating software for smartphones and tablet computers that practice system claim 1 or method claim 15 of EP '611 (as amended). The judgments also included a declaration of liability for damages, as well as a rendering of accounts related to the infringing products. Yahoo! Inc. and Yahoo! EMEA Ltd. have appealed the Munich District Court's judgments.
About Marathon Patent Group
Marathon is a patent licensing and commercialization 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. The Company's commercialization division is focused on the full commercialization lifecycle which includes discovering opportunities, performing due diligence, providing capital, managing development, protecting and developing IP, assisting in execution of the business plan, and realizing shareholder value. To learn more about Marathon Patent Group, visit www.marathonpg.com.
Safe Harbor Statement
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Marathon Patent Group
Source: Marathon Patent Group
Released June 1, 2016