Have a patent lawsuit against Verizon (VZ)? Today's your lucky day. In addition to settling its...

|About: Verizon Communications (VZ)|By:, SA News Editor

Have a patent lawsuit against Verizon (VZ)? Today's your lucky day. In addition to settling its dispute with TiVo, Big Red has agreed to pay private ActiveVideo $260M (as ordered by a court) and "an additional unspecified amount of money" to make an infringement suit go away. The payout is accompanied by a cross-licensing deal.