Marathon Settles Fraud Suit Brought by Symantec

  • March 25, 2018
  • Consumer Electronics and PCs, Patent Litigation Feature

Publicly traded Marathon Patent Group, Inc. has announced a settlement with Symantec, ending the company’s litigation against the NPE and several other defendants over alleged fraud and misrepresentations stemming from a 2012 patent monetization agreement. As Marathon recently disclosed in an SEC filing, the settlement was executed on March 8 and has led to the dismissal of litigation filed by Symantec in California state court against Marathon; IPNav and its founder and former CEO Erich Spangenberg; two other entities involved in the relevant transactions, Marathon’s Clouding Corp. and IPNav’s Clouding IP LLC; and Clouding IP’s manager, William J. Carter. The settlement also resolved a related Delaware District Court suit filed by Symantec against IPNav and Spangenberg alone.


View full article - Upgrade for only $79 /month

  • Over 7,000 news articles covering new patent cases, key policy decisions, and USPTO assignments
  • Advanced custom alerts for campaigns and entities
  • Proprietary litigation timelines
  • Full access to PTAB and ITC dockets
  • Judge and venue analytics



×

×

Thank you for your feedback

×