Marathon Patent Group (MARA), the patent licensing and commercialization company run by CEO Doug Croxall, said that on May 27 its TLI Communications GmbH unit enforced injunctions against Pinterest Germany GmbH.
The enforcement of the injunctions follows two favorable first instance patent infringement rulings issued April 21, 2016 involving the German part of European patent EP 0 814 611 B1 before the Munich District Court I.
The rulings applied in the matter of TLI Communications GmbH versus Pinterest Germany GmbH, and concerned the Internet service "Pinterest," as well as the associated application software for smartphones and tablet computers.
The Munich District Court ordered Pinterest Germany to cease and desist from offering 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.
The court’s orders also included a declaration of liability for damages, as well as a rendering of accounts related to the infringing products.
Marathon couldn’t be reached for comment on how much it was seeking in damages or whether it expected Pinterest German to begin settlement discussions.
Pinterest Germany has appealed the Munich District Court's judgments.
Marathon is hoping to generate significant licensing revenue from its efforts in the Europe, where injunctions provide leverage to force infringing companies to settle. The company has already produced record revenue of $35 million year to date, which is almost double the $19 million it had in all of 2015. The company has said its revenue could surpass $40 million in all of 2016.
Shares of Marathon fell 5 cents, or 1.87%, to $2.63 in late morning trading in New York. They’ve traded between $1.29 and $5.44 over the past year.
—To reach the reporter responsible for this story please contact Dan Lonkevich at 707 318-7899 or at email@example.com.