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Volatile Vringo (VRNG +9.7%) is jumping as its trial with Google continues. Yesterday, jurors...
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Thursday, October 25, 2012, 1:48 PM ETVolatile Vringo (VRNG +9.7%) is jumping as its trial with Google continues. Yesterday, jurors were asked to discard (at Vringo's request) cross-examination testimony from a Vringo witness regarding a patent licensing deal between Disney and Google. In a "mid-trial report" offered yesterday evening, SA's Steve Kim argued Vringo has established a prima facie case for infringement, following the testimony of a liability expert, while cautioning Google is set to bring out its own experts.
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Said Kim, "Vringo then made a motion to strike this cross-examination, because it appears that Google will not be able to show that the Disney agreement is comparable to the Lang patents, thus placing the Disney agreement in the same category as the other Google agreements that were excluded pursuant to Jackson's pretrial MIL orders. Jackson agreed, and instructed the jury that the evidence Google had presented on the Disney agreement during its cross examination of Becker is 'stricken,' and that 'it is not proper testimony that you may consider in deliberations and trying to determine what the appropriate royalty should be in this case.'"
"In my view, not only does this further restrict Google's efforts to present an alternative damage calculation, but it also enhances Vringo's and its experts' credibility, while it reduces Google's credibility with the jury."
more trials and settlements coming.
vrng has the best IP litigation team out there in all of the USA.