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Marathon Settles Fraud Suit Brought by Symantec
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.
March 25, 2018
New NPE Revives Clouding IP Campaign Asserting Former Symantec Patents
Clouding Corp. is reviving IPNav’s Clouding IP campaign, asserting former Symantec patents in suits against Amazon, AT&T, CA Technologies, Citrix, Dropbox, EMC, Google, HP, Rackspace, SAP, and Verizon. Each case asserts at least four of 14 patents, all of which have been previously asserted by Clouding IP against the same group of 11 companies (5,495,607, 5,825,891, 5,944,839, 6,631,449, 6,738,799, 6,918,014, 6,925,481, 6,963,908, 7,032,089, 7,065,637, 7,272,708, 7,254,621, 7,596,784, 7,836,292). Clouding Corp.’s complaints accuse defendants’ cloud computing products and services of infringing the patents-in-suit.
September 16, 2014