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The Virginia court handling Vringo's (VRNG +5.9%) infringement suit against Google, AOL, IAC,...

The Virginia court handling Vringo's (VRNG +5.9%) infringement suit against Google, AOL, IAC, Gannett, and Target has ordered the aforementioned companies to respond to Vringo's motion for post-judgment royalties in 15 days. The court has also denied the defendants' renewed motions for Judgment as a Matter of Law on invalidity, non-infringement, and damages or a new trial, and denied Vringo's motion for a new trial on the dollar amount of past damages. Shares are trading higher after a halt. (PR) (previous)
Comments (9)
  • JayXu
    , contributor
    Comments (259) | Send Message
     
    So VRNG only get 30 millions for past damages?
    3 Apr 2013, 02:17 PM Reply Like
  • mtodd4au
    , contributor
    Comments (6) | Send Message
     
    It doesn't mean they only get 30 million for past damages. It means they don't get a trial to argue past damages amounts. That doesn't mean that the judge won't change the amounts himself. And it doesn't mean that Vringo can't appeal any decision they feel is unjust.
    3 Apr 2013, 02:22 PM Reply Like
  • trexia
    , contributor
    Comments (165) | Send Message
     
    The running royalty of 3.5% to 7% will cost (GOOG) hundred of millions !!!
    Also Microsoft is in SETTLEMENT talk with (VRNG) for the same ADSEARCH patents Google is infringing !!!
    3 Apr 2013, 02:24 PM Reply Like
  • Patent Plays
    , contributor
    Comments (847) | Send Message
     
    Ladies and Gents what it means is Google must now answer a Post Trial Motion made by Vringo that asks the Court to impose a 7% Royalty and other items on Google for Google's strong desire to continue to infringe on Vringo's patents and skip making a settlement. That means Google has to explain why Vringo is not correct in their claims. This has the ability to set up a settlement or a purchase baring anything Microsoft or ZTE would like to advance.
    3 Apr 2013, 02:28 PM Reply Like
  • trexia
    , contributor
    Comments (165) | Send Message
     
    Vringo Requests Court to Increase Royalty Rate to Be Paid by Google, AOL
    Last update: 4/3/2013 2:24:40 PM

     

    By Nathalie Tadena

     

    Vringo Inc. (VRNG) has asked a federal court to raise the ongoing royalty rate to be paid by technology companies Google Inc. (GOOG) and AOL Inc. (AOL) and others, arguing these companies have continued to infringe on its patents.
    Vringo, a mobile-technology and intellectual-property company, said a federal court has ordered Google, AOL and other companies to respond to Vringo's motion for postjudgment royalties within 15 days. In November, Vringo was awarded about $30 million in damages and granted future royalties by a federal jury in its patent suit against Google, AOL and others.
    The company Wednesday said it presented evidence at trial that the appropriate way to determine the incremental royalty base attributable to Google's infringement was to calculate 20.9% of Google's U.S. AdWords revenue, then apply a 3.5% running royalty rate to that base.
    Vringo has asked the court to order the defendants to pay ongoing running royalties for their infringement of its patents from Nov. 20, 2012, until April 4, 2016, the patents' expiration dates, or when the defendants cease infringement of the patents.
    The company has thus requested the court rate the defendants' ongoing royalty rate to 7%, arguing that these companies' ongoing patent infringement is willful.
    Vringo also said the court denied the company's motion for a new trial on the dollar ammount of past damages.
    A Google representative wasn't immediately available for comment.
    Vringo sued Google--the primary defendant--as well as AOL, IAC/InterActiveCorp. (IACI) and others, alleging infringement of two of its patents used to select and position advertising on Internet-search results. AOL earlier settled a portion of the suit for $100,000.
    In November, Vringo was awarded a 3.5% running royalty rate off a portion of the defendants' search-advertising revenue until the patents expire in 2016.
    Vringo was founded in 2006 with a focus on mobile technology, but last year it agreed to merge with privately held Innovate/Protect, which now controls most of the company and brought it into the intellectual-property industry. Innovate/Protect, which bought the two contested patents from Lycos Inc. along with six others for $3.2 million, has alleged that the technology it owns is widely used in the search industry.
    Vringo shares, which were briefly halted, climbed 7.5% to $3.30 in recent trading Wednesday. The stock is up 16% year-to-date.
    -Write to Nathalie Tadena at nathalie.tadena@dowjon...
    Subscribe to WSJ: http://on.wsj.com/RxYd1y
    (END) Dow Jones Newswires
    April 03, 2013 14:24 ET (18:24 GMT)
    3 Apr 2013, 02:31 PM Reply Like
  • Revanche
    , contributor
    Comments (69) | Send Message
     
    Too bad about the hit against a new trial for the past dollar damages. I was kinda looking forward to the excitement/drama of that event. I feel the IP lawyers would do a lot better in a courtroom setting, rather than just relying on briefs and the judge's largess.
    3 Apr 2013, 02:35 PM Reply Like
  • RacerX1225
    , contributor
    Comments (125) | Send Message
     
    Wow! I'm surprised the disallowed a new trial for past damages but the rest of this is great for Vringo longs :)
    3 Apr 2013, 02:58 PM Reply Like
  • RacerX1225
    , contributor
    Comments (125) | Send Message
     
    "The court has also denied the defendants' renewed motions for Judgment as a Matter of Law on invalidity, non-infringement, and damages or a new trial".
    ======================...

     

    Awesome!!!!!!!!!!!!!!
    3 Apr 2013, 02:58 PM Reply Like
  • TaoOfPatrick
    , contributor
    Comments (20) | Send Message
     
    I had a feeling there wasn't going to be a new trial. Just hope the share price can stabilize! I'm still going to hold till fall at least, if not longer.
    3 Apr 2013, 04:48 PM Reply Like
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