Vringo (VRNG) Updates on Patent Litigation; Says Legal Team Reviewing, Will Address at Post-Trial
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Vringo (VRNG) Verdict Vs. Google (GOOG) Worth ~$500M; Expects Appeal - Maxim Group
November 7, 2012 9:59 AM ESTThe only analyst that covers Vringo (NYSE: VRNG) weighed in after yesterday's important court victory against Google (Nasdaq: GOOG) and others.
Maxim Group's John Tinker estimates that the awarded 3.5% royalty on a going-forward basis could be worth ~$500M until April 2016. Also, amidst much confusion, the jury only awarded ~$30M in past damages, starting from the filing date in September 2011.
Tinker comments, "VRNG originally claimed $493M in damages going back six years; of these original damages claimed, $451M applied to GOOG. The jury... More
Vringo (VRNG) Details Final Verdict from Litigation with Google (GOOG), AOL (AOL), Others
November 6, 2012 2:30 PM ESTVringo, Inc. (AMEX: VRNG), a company engaged in the innovation, development and monetization of mobile technologies and intellectual property, today announced a verdict in its wholly-owned subsidiary I/P Engine, Inc.'s case against AOL, Inc. (NYSE: AOL), Google, Inc. (Nasdaq: GOOG), IAC Search & Media, Inc. (Nasdaq: IACI), Gannett Company, Inc. (NYSE: GCI), and Target Corporation ("Target") (collectively, "Defendants") with respect to the Defendants' infringement of the asserted claims of U.S. Patent Nos. 6,314,420... More
UPDATE: Vringo (VRNG) Awarded $30M In Google (GOOG) Patent Case, Will Receive Royalties Until 2016
November 6, 2012 1:20 PM EST(Updated - November 6, 2012 1:30 PM EST)
Vringo, Inc. (NYSE: VRNG) was awarded $30 million in Google (NASDAQ: GOOG) patent case, Dow Jones reports. The jury ruled the patents are valid and Vringo will receive a royalty rate on... More
