Vringo (VRNG) has won its patent suit against Google (GOOG). The company has been awarded $30M...
Vringo (VRNG) has won its patent suit against Google (GOOG). The company has been awarded $30M in damages and a royalty on Google search ad revenue through 2016, when Vringo's patent expires - some reports indicate the royalty rate is 3.5%. Google will almost certainly appeal. Vringo shares remain halted.
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From other sites
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)
at MarketWatch.com (Oct 8, 2012)
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