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Vringo (VRNG) Gets Favorable Decision in Markman Hearing; Judge Upholds Prior Call

August 17, 2012 8:52 AM EDT Send to a Friend
Vringo (AMEX: VRNG) shares are indicated lower, but could move higher, following reports that a U.S. district judge mostly upheld his Markman ruling in the Company's patent case with a group of major media/Internet companies.

The initial decision in June was mostly in favor of Vringo, but defendants -- which include Google (Nasdaq: GOOG), AOL, Inc. (NYSE: AOL), and others -- challenged two of the definitions.

According to Wikipedia: "A Markman hearing is a pretrial hearing in a U.S. District Court during which a judge examines evidence from all parties on the appropriate meanings of relevant key words used in a patent claim, when patent infringement is alleged by a plaintiff."

Dow Jones noted Friday morning that the judge maintained his position on one definition, tweaking the second for language that Vringo and the defendants agreed on, but was excluded in error.

Vringo stock is down 0.6 percent in early trading Friday.




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