- The Eastern Virginia district court handling Vringo's (VRNG) IP suit against Google, AOL, IAC, and others has granted the company a royalty rate of 6.5% on infringing products.
- The ruling comes 25 days after the court awarded Vringo supplemental damages and prejudgment interest, and six days after a Google workaround was rejected.
- Shares had jumped 13.4% AH before they were halted.
Court grants Vringo 6.5% royalty rate, shares halted
From other sites
at 4-traders.com (Mar 23, 2015)
at Benzinga.com (Feb 12, 2015)
Vringo Issues Update on UK Litigation: Patents Court Ordered ZTE Will Make Interim Payment of ~$938Kat Benzinga.com (Dec 22, 2014)
at Benzinga.com (Dec 17, 2014)
at CNBC.com (Jan 29, 2014)
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