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Sutherland Represents Marathon Acquisition Corp. in $300 Million IPO

September 1, 2006

WASHINGTON (September 1, 2006) – Sutherland Asbill & Brennan LLP served as counsel to Marathon Acquisition Corp. (AMEX: MAQ.U) in its initial public offering of 37,500,000 units.  The IPO closed on August 30 and is the largest special purpose acquisition company (SPAC) IPO to date.

Marathon Acquisition Corp. is a SPAC designed to serve as a vehicle for the acquisition of one or more operating businesses in the United States or Western Europe.  The company raised gross proceeds of $300 million, at an offering price of $8 per unit.  Each unit consists of one share of common stock and one warrant to purchase an additional share of common stock.

The Sutherland team was led by securities attorneys Cynthia M. Krus, Harry S. Pangas, Christopher M. Zochowski, John J. Mahon, and Marc E. Rivera.  Citigroup Global Markets, Inc. served as the sole book-running manager for the offering and the representative for both Ladenburg Thalmann & Co. Inc. and UBS Securities LLC.

Inquiries related to this transaction may be directed to Cynthia M. Krus, chair of the Sutherland Securities/Corporate Governance Group, at 202.383.0218 or cynthia.krus@sablaw.com.

Sutherland Asbill & Brennan LLP is an AmLaw 100 law firm known for solving challenging business problems and resolving unique legal issues for many of the nation's largest companies.  Founded in 1924, the firm has grown to approximately 500 lawyers with offices in Atlanta, Austin, Houston, New York, Tallahassee and Washington.  For further information about the firm, please visit sutherland.com.

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