Vringo (VRNG) has won its patent suit against Google (GOOG). The company has been awarded $30M...

|By:, SA News Editor

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.