- 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
Jan 28 2014, 16:36 ET