We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Form Hldgs Corp Npv | NASDAQ:VRNG | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.97 | 0 | 01:00:00 |
By Ben Fox Rubin
Small technology company Vringo Inc. (VRNG) was awarded about $30 million in damages and granted future royalties in its patent suit against a handful of technology giants, including Google Inc. (GOOG) and AOL Inc. (AOL), according to a source familiar with the case.
A federal jury found that Vringo's patents were valid, opening up the possibility of future lawsuits. Vringo was awarded a 3.5% running royalty rate off a portion of the defendants' search-advertising revenue until the patents expire in 2016.
Vringo, a mobile-technology and intellectual-property company, sued Google, AOL, IAC/InterActiveCorp. (IACI) and others, alleging infringement of two of its patents used to select and position advertising on Internet-search results. AOL earlier settled a portion of the suit for $100,000.
Vringo's stock has moved wildly since the patent trial began last month, sinking 36% last Wednesday after the judge in the case ruled that Vringo couldn't be awarded a large chunk of the past damages it sought, citing a long delay in filing its patent claim. The stock then reversed that loss Monday, after a jury question on damages fed speculation of a Vringo win.
Vringo's shares were halted for news at $4.25. The stock has surged so far this year amid the patent dispute.
Write to Ben Fox Rubin at ben.rubin@dowjones.com.
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Form Hldgs Corp Npv Chart |
1 Month Form Hldgs Corp Npv Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions