On or around 12/17/2018 (Notice of voluntarily dismissal)
Filing Date: July 20, 2018
According to the Complaint, Marathon Patent Group Inc. ("Marathon" or the Company) operates in the cryptocurrency market, as well as licensing its IP assets.
On June 8, 2017, the Company filed a Schedule 14A Proxy Statement (the “Proxy”) with the Securities and Exchange Commission (the “SEC”) for the Annual Meeting. In the Proxy, the Board asked Marathon’s stockholders to approve an amendment to the Company’s Articles of Incorporation so that the Board could implement a reverse stock split (the “Reverse Stock Split Proposal”).
The Complaint alleges that the Proxy was materially false and misleading and that the proxy solicitation prevented Marathon’s stockholders from making informed decisions about whether to approve the Reverse Stock Split Proposal.
This case was voluntarily dismissed on December 17, 2018.
Company & Securities Information
Defendant: Marathon Patent Group Inc
Industry: Business Services
Headquarters: United States
Ticker Symbol: MARA
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
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First Identified Complaint
Tony Ramirez, et al. v. Marathon Patent Group Inc, et al.
COURT: C.D. California
DOCKET #: 18-CV-06309
JUDGE: Hon. Fernando M. Olguin
DATE FILED: 07/20/2018
CLASS PERIOD START: 06/06/2017
CLASS PERIOD END: 06/06/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Levi & Korsinsky (Los Angeles)
First Identified Complaint (FIC) Filings:
Class Action Complaint for Violations of Federal Securities Laws
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available