Daniel B. Ravicher, Esq., is an attorney who from time to time shares his opinion on legal issues that may affect corporate valuations. He also frequently trades on his opinions. He is not an investment adviser. The opinions he expresses are his own. They are not legal, financial or any other... More
On October 16, 2012, the first day of the I/P Engine v AOL et al. patent infringement lawsuit, otherwise referred to as the Vringo (VRNG) v. Google (GOOG) case, saw the jury selected in the morning and the parties' opening statements made in the afternoon. I was present in the courtroom throughout the day and in this report I discuss some of the notable events that happened on Day 1 along with my opinions regarding these two critical initial phases of the trial.
WARNING: Ravicher Reports are publications of Ravicher LLC and contain the author's opinions on certain legal issues involving public companies. They are not investment advice or legal advice. They are based on information gathered from sources believed to be reliable but are not guaranteed as to accuracy or completeness. The information in Ravicher Reports is subject to change without notice, and neither the author nor Ravicher LLC assume any responsibility to update the information contained therein. The author and other Ravicher LLC officers, employees, or members of their families might, from time to time, have a position in the securities mentioned and may purchase or sell these securities in the future. Although initially offered for a fee, they may later be made available for free via the author's Seeking Alpha page or other means.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
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Vringo(VRNG) vs GOOG: Why Google Might Be Going to $0 http://t.co/QQIrI21u via @TechCrunch This the reason why I owned VRINGO!!!
Vringo vs Google: "A Reasonable Royalty Rate is 3.5%" See for yourself. Page 11, line 12 https://t.co/gNvyGk7k
VRINGO is not asking for a treble damages or willful infringement (which the jury could decide) but a 3.5% royalty will mean a quadruple rewards amounting to almost $5 Billion as people calculated here !!!
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The Vringo V. Google Patent Trial: Day One 1 comment
On October 16, 2012, the first day of the I/P Engine v AOL et al. patent infringement lawsuit, otherwise referred to as the Vringo (VRNG) v. Google (GOOG) case, saw the jury selected in the morning and the parties' opening statements made in the afternoon. I was present in the courtroom throughout the day and in this report I discuss some of the notable events that happened on Day 1 along with my opinions regarding these two critical initial phases of the trial.
WARNING: Ravicher Reports are publications of Ravicher LLC and contain the author's opinions on certain legal issues involving public companies. They are not investment advice or legal advice. They are based on information gathered from sources believed to be reliable but are not guaranteed as to accuracy or completeness. The information in Ravicher Reports is subject to change without notice, and neither the author nor Ravicher LLC assume any responsibility to update the information contained therein. The author and other Ravicher LLC officers, employees, or members of their families might, from time to time, have a position in the securities mentioned and may purchase or sell these securities in the future. Although initially offered for a fee, they may later be made available for free via the author's Seeking Alpha page or other means.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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This the reason why I owned VRINGO!!!
Vringo vs Google: "A Reasonable Royalty Rate is 3.5%" See for yourself.
Page 11, line 12 https://t.co/gNvyGk7k
VRINGO is not asking for a treble damages or willful infringement (which the jury could decide) but a 3.5% royalty will mean a quadruple rewards amounting to almost $5 Billion as people calculated here !!!
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