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Vringo +12.9%; case data points to U.K. ZTE settlement

May 01, 2015 9:43 AM ETXWELL, Inc. (XWEL) StockXWELBy: Eric Jhonsa, SA News Editor71 Comments
  • An online listing of the statuses of various U.K. lawsuits suggests Vringo (VRNG) has settled its British infringement suit against ZTE. Vringo has jumped in response.
  • Vringo stated a month ago it had filed a Statement of Case in the U.K. that "sets out terms for a FRAND license in the context of appropriate relief being determined" for a patent a local court had ruled ZTE to be infringing. Last December, ZTE was ordered to pay $938K in Vringo legal fees on account of having been ruled to infringe the U.K. part of a Vringo European patent.

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