Vringo (VRNG -11.5%) is seeing another down day in response to the Google verdict (I, II) -...
Vringo (VRNG -11.5%) is seeing another down day in response to the Google verdict (I, II) - shares are now down 25% since yesterday's trading halt ended. Maxim joins others in estimating the jury's recommended royalty rate could lead to $500M in payments to Vringo until April 2016, but also cautions a Google appeal could take 12-15 months to play out, and that the company might try to create a workaround.
From other sites
at 4-traders.com (Mon, 8:21AM)
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)
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