Spherix Announces First Trial of Nortel Patents Since Bankruptcy Scheduled vs Verizon for Q1 2015

Spherix

announced that on August 19, 2014, the Honorable Gerald Bruce Lee, United States District Judge for the Eastern District of Virginia, in Case No. 1:14-cv-00721 -GBL-TCB, issued a scheduling order in the Company's patent litigation against Verizon Services, Corp.; Verizon South, Inc.; Verizon Virginia LLC; Verizon Communications, Inc.; Verizon Federal, Inc.; Verizon Business Network Services, Inc.; MCI Communications Services, Inc. (collectively "Verizon")

. The judge ordered both parties to appear for a pretrial conference on September 10, 2014, and ordered discovery to be complete by December 12, 2014. The order also states the trial of this case will be within four to eight weeks after the December 18, 2014 final pretrial conference.     Anthony Hayes, Chief Executive Officer of Spherix, stated, "It's been three years since the auction of the Nortel Patent portfolio garnered $4.5 billion dollars and a portion of those same patents are now scheduled for trial against Verizon. To our knowledge, this may be the first time since the auction that these valuable patents will be