Marathon Patent Group (MARA), the patent monetization company run by CEO Doug Croxall, said its Signal IP unit reached a licensing agreement with Jaguar Land Rover North America for an undisclosed amount.
Los Angeles-based Marathon’s Signal IP unit had been seeking initial damages of $20 million to $22 million from Jaguar.
The company said last week in a filing with the Securities and Exchange Commission that Signal IP received $275,000 from Volvo Cars of North America. That was only 2% of the $13 million to $14 million in initial damages it was seeking.
Two percent of $20 million to $22 million would be $400,000 to $440,000.
The patents at issue in the Signal IP case cover blind spot monitoring using radar, seat weight sensors used in airbag deployment methods, object sensing in adaptive cruise control, occupant detection for air bag deployment, tire pressure monitoring and keyless entry control.
Marathon officials declined to comment further.
The remaining defendants and amount in initial damages Signal IP was originally seeking in the complaint were: American Honda Motor Co.($201 million to $223 million), Kia Motors America ($133 million to $148 million), Mazda ($63 million to $70 million), Mitsubishi Motors North America Inc. ($6 million to $7 million), Nissan North America ($151 million to $167 million), Subaru of America ($28 million to $31 million), Chrysler Group LLC ($154 million to $170 million), Ford Motor Co. ($304 million to $336 million), Mercedes-Benz USA LLC ($120 million to $133 million), BMW of North America ($104 million to $115 million), Volkswagen Group of America ($132 million to $146 million) and Porsche Cars North America ($23 million to $25 million).
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