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Vringo (VRNG -6.4%) has been volatile in trading today, as investors wait to hear the results of...
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Tuesday, October 9, 2012, 2:08 PM ETVringo (VRNG -6.4%) has been volatile in trading today, as investors wait to hear the results of both a Vringo motion for sanctions against Google, and court-ordered settlement talks between the companies. Shares were down as much as 15% before briefly turning positive, and then selling off again.
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I'm long from $3.03 but bought the Oct $4 puts yesterday when the stock was trading at around $5.50. Now it's just popcorn and waiting. :)
http://bit.ly/Pm7YkM
10/09/2012 691 Minute Entry for proceedings held before Magistrate Judge Lawrence R. Leonard:Motion Hearing held on 10/9/2012 re 282 MOTION for Sanctions Plaintiff I/P Engine, Inc.'s Third Motion for Discovery Sanctions Regarding Untimely Discovery Responses filed by I/P Engine, Inc., 277 MOTION for Sanctions Plaintiff I/P Engine, Inc.'s Second Motion for Discovery Sanctions Regarding Untimely Discovery Responses filed by I/P Engine, Inc.. Present were Jeffrey Sherwood, W. Ryan Snow, Frank Cimino, Jr. and Kenneth Brothers on behalf of the plaintiff and David Bilsker, David Perlson, Steve Noona and David Nelson on behalf of the defendants. Mr. Sherwood argues motion #277 and Mr. Bilsker responds. The Court makes rulings on the record. Mr. Cimino argues motion #282 and Mr. Perlson responds. The Court makes rulings on the record. The Court will enter an order in this matter. Parties adjourn to participate in a settlement conference with Judge Leonard in this case and a final pretrial conference later in the afternoon with Judge Jackson. Court adjourned. (Court Reporter Sharon Borden, OCR.)(cdod, ) (Entered: 10/09/2012)
10/09/2012 690 ORDER, AGREED, re. 202 Joint Motion to Dismiss with Prejudice of I/P Engine's Claims Relating to AOL's Advertising.com Sponsored Listings by AOL, I/P Engine, Inc. IT IS THEREFORE ORDERED that I/P Engine's claims for relief against AOL relating to AOL's Advertising.com Sponsored Listings are dismissed with prejudice. IT IS FURTHER ORDERED that all attorneys' fees, costs of court and expenses relating to the dismissed claims shall be borne by each party incurring the same. Entered and filed 10/9/12. (Signed by District Judge Raymond A. Jackson on 10/9/12). (ecav, ) (Entered: 10/09/2012)