Vringo (VRNG -1%) has resumed trading following its legal win (I, II) against Google, which...
Vringo (VRNG -1%) has resumed trading following its legal win (I, II) against Google, which featured a smaller damage award than some were hoping for. Shares are volatile once again, spiking above and below breakeven. In a PR detailing the verdict, Vringo notes prior art arguments were rejected, and that a "running royalty" of 3.5% on Google AdWords revenue (subject to a judge's review) has been recommended.
From other sites
at 4-traders.com (Mar 23, 2015)
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)
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