Vringo ticks higher after settling with Tyco

|By:, SA News Editor

Vringo (VRNG +1.8%) discloses it has settled its U.S. and German IP suits against Tyco. Terms are confidential.

Vringo sued Tyco last September, alleging the company's products (along with ADT's) infringed a remote monitoring/surveillance patent Vringo acquired in 2012 through the Nokia deal.