Sep. 2, 2014, 12:32 PM
- In a shareholder update, Vringo (NASDAQ:VRNG) says it's "preparing for the next steps" in its legal battle against Google following last month's appeals court ruling.
- The company also notes it has more than 10 hearings scheduled this year for various IP suits - a list of hearing dates is provided for its disputes with ZTE and Asus - and that it currently has $29M in cash and no debt.
- Vringo adds it "continues to review assets and strategic opportunities that it believes would add value for our shareholders."
- Shares still -66% from where they traded prior to the appeals court ruling.
- Previous: Vringo to seek en banc review of Google ruling
Aug. 26, 2014, 12:45 PM
Aug. 20, 2014, 12:46 PM
Aug. 20, 2014, 11:14 AM
- As expected, Vringo (VRNG -8.2%) plans to file a petition for an en banc review of the adverse federal appeals court ruling it received last week for its infringement suit against Google.
- Federal Circuit rules require Vringo to file a petition by Sep. 15. However, the company has filed an unopposed motion for a 30-day extension.
- SA author Alexander Maxwell has argued Justice Raymond Chen, who dissented from the appeals court ruling, will likely push for an en banc hearing to be granted.
Aug. 19, 2014, 12:49 PM
Aug. 18, 2014, 2:10 PM
- Vringo (VRNG +20.8%) director Joseph Spiegel bought 30K shares on Friday at $0.89, after Vringo cratered in response to an appeals court's ruling on its infringement suit against Google. CFO Anastasia Nyrkovskaya bought 16K shares today at $0.91.
- Shares still -66% from Thursday's close. SA author Alexander Maxwell argues Vringo's "most likely recourse" following the Google ruling is to request an en banc hearing, which requires all of the judges on the appeals court to rule on the suit. He suspects Justice Raymond Chen, who dissented from the ruling, will "push hard" for an en banc hearing behind closed doors.
- Should the hearing request be denied, Vringo could appeal to the Supreme Court. But as Maxwell observes, the high court only takes up a small fraction of the thousands of cases appealed to it each year.
Aug. 15, 2014, 12:48 PM
Aug. 15, 2014, 12:26 PM| 9 Comments
Aug. 15, 2014, 11:13 AM
- The federal appeals court handling Vringo's (VRNG -10.8%) suit against Google has ruled against Vringo, arguing the patent claims it asserts "disclose no new technology, but instead simply recite the use of a generic computer to implement a well-known and widely-practiced technique for organizing information." (the full ruling - .pdf)
- The appeals court cites a recent Supreme Court ruling that upheld the patentability of software concepts, but barred companies from patenting a mere abstract idea on a computer.
- Vringo has been halted. Shares plunged shortly before the halt.
Jul. 2, 2014, 12:00 PM
- Vringo (VRNG +4.8%) says it has been mailed a notice by the USPTO stating "it will issue a certificate confirming that all of the claims of U.S. Patent No. 6,314,420 remain valid and unchanged."
- The '420 patent is one of two being asserted by Vringo in its suit against Google. The USPTO affirmed the validity of the other one (Vringo's '664 patent) last fall.
- The notice follows a non-final rejection by the USPTO of certain claims within the '420 patent back in January.
Jun. 19, 2014, 1:15 PM
- In a closely-watched case, the Supreme Court has upheld the patentability of software concepts, albeit while setting limits: Companies can't patent a mere abstract idea on a computer, but can patent software ideas that advance or improve upon existing ideas.
- The ruling comes a month after Sen. Pat Leahy shelved a hotly-contested bill aimed at limiting the power of patent trolls. Many tech giants and startups backed the bill, while IP licensing firms staunchly opposed it.
- A few licensing firms are trading lower on a moderately down day for tech: VRNG -2.2%. ACTG -1.3%. VHC -2.8%. PRKR -3.8%. SPEX -3.1%.
- Other related names: RPXC, WILN, DSS, CRDS, MARA.
Jun. 18, 2014, 12:13 PM
- A Rio de Janeiro court has upheld a preliminary injunction against ZTE for infringing a Vringo (VRNG +1.1%) 3G/4G mobile infrastructure patent.
- Vringo, which posted a $900K bond in April to enforce the injunction, says the injunction will likely stay in place until a court decision arrives. The company adds "the average length of time in Brazil from the filing of a claim on the merits until final judgment is two to four years."
- Vringo has sued ZTE in several locales. Three weeks ago, a Chinese patent board upheld a Vringo patent challenged by ZTE, and an Indian court postponed hearings related to a ZTE suit that has resulted in an injunction.
May. 30, 2014, 2:08 PM
- The High Court of Delhi has postponed two hearings related to Vringo's (VRNG -2.7%) Indian suit against ZTE until July 8. Vringo expects a prior injunction on the sale of ZTE hardware to stay in place until then.
- One hearing covers a status conference related to the injunction. Another covers a motion of contempt filed by Vringo against ZTE for allegedly failing to comply with a December court order.
- Previous: Chinese patent board upholds Vringo patent
May. 30, 2014, 12:20 PM
- The Patent Re-Examination Board for China's State Intellectual Property Office has upheld the validity of a Vringo (VRNG -0.6%) patent following a re-examination request by ZTE.
- Vringo notes ZTE has requested 7 Vringo patents be re-examined. Two have been upheld; decisions are pending for the other 5.
- Vringo has sued ZTE in a number of locales. The company scored German and Indian injunctions last year.
- Previous: Vringo moves higher on court letter
May. 27, 2014, 9:11 AM
May. 22, 2014, 3:47 PM
- Vringo (VRNG +2.6%) argues before the appeals court now handling its suit against Google that the Supreme Court's Monday ruling in a damages suit involving MGM requires the court to reject a Virginia district court's ruling to "apply laches to bar all damages accruing within the six-year period" prior to the filing of Vringo's suit.
- Shares spiked higher in response to the publishing of Vringo's letter, but have quickly given back some of their gains.
VRNG vs. ETF Alternatives
Vringo Inc is engaged in identifying, generating, acquiring, and deriving economic benefits from intellectual property assets. Its intellectual property portfolio consists of over 500 patents and patent applications.
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