Vringo (VRNG) Higher as Google (GOOG) Ordered to Produce More Detailed Revenue Information
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Shares of Vringo (NYSE: VRNG) are higher Wednesday as the all-important judge ordered settlement talks with Google (NASDAQ: GOOG) took a turn in court yesterday.
The court ordered Google to produce to Vringo within two days "data that has not been produced as to Google, Inc.'s revenue for its properties based in the United States and AUTHORIZES the Plaintiff to supplement the report of its damages expert, Dr. Stephen L. Becker, within two days thereafter. Furthermore, the Defendants may not cross-examine Dr. Becker on the omission in his initial report of Google, Inc.'s, revenue for its properties based in the United States."
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As the court puts the screws to Google, a settlement between the parties could be forthcoming.
Shares of Vringo last traded at $4.57, up 2.7 percent.
The court ordered Google to produce to Vringo within two days "data that has not been produced as to Google, Inc.'s revenue for its properties based in the United States and AUTHORIZES the Plaintiff to supplement the report of its damages expert, Dr. Stephen L. Becker, within two days thereafter. Furthermore, the Defendants may not cross-examine Dr. Becker on the omission in his initial report of Google, Inc.'s, revenue for its properties based in the United States."
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As the court puts the screws to Google, a settlement between the parties could be forthcoming.
Shares of Vringo last traded at $4.57, up 2.7 percent.
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