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Vringo, Inc. (VRNG)

- NASDAQ
  • Fri, Jan. 23, 1:22 PM
    • A German court has ruled ZTE and Asus didn't infringe the German parts of Vringo's (NASDAQ:VRNG) '136 and '941 European patents. The first patent covers devices (including hotspot-capable hardware) that provide data services between two networks, and the second is related to navigation systems providing traffic info. (8-K)
    • Vringo says it's exploring all possible remedies, including appeal. A German court is also set to rule on the validity of the '136 and '941 patents (the hearing date hasn't yet been set).
    • Vringo has been squaring off against ZTE in many different locales. Last month, a U.K. court ordered ZTE to pay Vringo $938K to cover the latter's legal costs for an infringement suit related to the U.K. part of Vringo's '919 European patent.
    | 8 Comments
  • Tue, Jan. 20, 12:14 PM
    • By a 7-2 margin, the Supreme Court has ruled in favor of Teva Pharmaceuticals in its patent suit against generic drugmakers, thereby reversing a federal appeals court (CAFC) decision that declared a patent in dispute was invalid, and sending the case back for further review.
    • Vringo (NASDAQ:VRNG) appears to have gotten a lift from the ruling. The company is a month removed from stating it will seek a Supreme Court review of the CAFC's adverse ruling against Vringo regarding its infringement suit against Google, after the CAFC denied a petition for an en banc review of its decision. (hat tip: Patent Plays)
    • Shares are still down 82% from where they traded prior to the Google ruling.
    | 37 Comments
  • Sun, Jan. 4, 3:49 PM
    | 56 Comments
  • Dec. 22, 2014, 11:56 AM
    • A U.K. patent court has ordered ZTE to pay Vringo (VRNG -3.2%) £600K ($938K) to cover Vringo's legal costs for an infringement suit related to the U.K. part of European patent 1,212,919.
    • Vringo adds ZTE's obligations to pay Vringo's remaining legal costs related to the suit "will be assessed by a separate process" next year.
    • Last month, the patent court ruled ZTE infringed the U.K. portion of the patent, which is related to 3G/4G infrastructure hardware. At the time, ZTE stated "the impact of the decision on ZTE’s business operations in the U.K. is limited as no ZTE products containing technology related to the ‘919’ patent are currently shipped in the country."
    | 1 Comment
  • Dec. 19, 2014, 10:06 AM
    • Vringo (VRNG +2.9%) states COO Alexander R. Berger is transitioning to a consulting role. The company adds a new employment agreement has been reached with CFO Anastasia Nyrkovskaya.
    • Vringo has also provided an update on its various court battles. Hearings were recently held in Germany, Romania, and India for Vringo infringement suits against ZTE, and an infringement ruling was levied against ZTE in the U.K. A Brazilian injunction against ZTE remains in force.
    • A German court will rule on ZTE and Asus' alleged infringement of two Vringo patents in early 2015, and a ZTE appeal of a German infringement ruling for another patent is set for July 22. Oral hearings are set to take place in France and Malaysia, and a trial is expected to begin in Australia in 2H15.
    • Shares fell 22% on Monday after Vringo announced a U.S. federal appeals court had denied Vringo's petition for an en banc review of its August ruling regarding Vringo's suit against Google.
    | 3 Comments
  • Dec. 15, 2014, 12:40 PM
    • The federal appeals court that ruled against Vringo (NASDAQ:VRNG) in its infringement suit against Google has denied its petition for en banc review of the ruling.
    • Vringo says it will now seek a Supreme Court review. Lawyer David Boies: "This case presents important questions of patent law and the role of juries in patent cases that require further review. The dissenting opinion is a powerful signal that this case warrants attention."
    • The SC only hears a small fraction of the cases appealed to it. Federal courts have been frequently ruling against IP licensing firms this year, as Unwired Planet can attest.
    | 8 Comments
  • Nov. 28, 2014, 10:07 AM
    • A U.K. patent court has ruled ZTE infringed the U.K. portion of Vringo's (NASDAQ:VRNG) '919 European patent, which covers 3G/4G infrastructure gear. The court also ruled the patent to be valid as amended.
    • A subsequent hearing will be held to address remedies. Vringo has sued ZTE in a number of different markets (I, II, III).
    • Update: ZTE states "the impact of the decision on ZTE’s business operations in the UK is limited as no ZTE products containing technology related to the ‘919’ patent are currently shipped in the country."
    | 7 Comments
  • Oct. 17, 2014, 2:24 PM
    • The White House has nominated Michelle Lee, once Google's lead patent counsel, to head the USPTO. Lee is currently the USPTO's deputy director.
    • Google, like several other tech giants, has been a strong proponent of overhauling the U.S. patent system, with an eye towards limiting software patents and making it easier for defendants to recover legal fees from perceived patent trolls in the event that they win.
    • In June 2013, the White House unveiled a slew of executive actions and legal actions meant to curtail patent system abuses. This year, the Supreme Court upheld the patentability of software concepts, but also set limits. That ruling has been followed by a string of adverse decisions levied by lower federal courts against companies pursuing infringement claims.
    • IP licensing firms: ACTG, VHC, WILN, VRNG, CRDS, DSS, FNJN, MARA
    | 31 Comments
  • Oct. 15, 2014, 11:20 AM
    • Not surprisingly (given past statements), Vringo (VRNG +4.9%) has "submitted a petition for rehearing en banc in its case against Google and certain of Google`s customers" to the U.S. federal appeals court that ruled against it in August.
    • Vringo's petition "argues that the majority`s opinion in this case presents important questions of law and is at odds with a series of Supreme Court and Federal Circuit decisions, which do not allow appellate judges to disregard a jury`s detailed findings under these circumstances."
    • Shares have moved higher following the announcement.
    | 9 Comments
  • Oct. 7, 2014, 6:34 PM
    • In a shareholder update, Vringo (VRNG -4.7%) says it has hired David Boies, chairman of law firm Boies, Schiller, and Flexner LLP, to assist with the company's efforts to obtain a review of the CAFC's adverse Google ruling. Boies joins appellate counsel Joseph R. Re, as well as trial counsel provided by law firm Dickinson Shapiro LLP.
    • The company adds it will file a petition for an en banc review of the Google ruling (previous) on Oct. 15, and that supporters can file amicus briefs by Oct. 22. Meanwhile, several trials and hearings related to Vringo's legal battle against ZTE are set to take place between now and year's end.
    • Vringo had $26.5M in current assets at the end of September, down from $29M at the time of its Sep. 2 shareholder update.
    | 15 Comments
  • 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
    | 5 Comments
  • Aug. 26, 2014, 12:45 PM
    | 2 Comments
  • Aug. 20, 2014, 12:46 PM
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  • 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.
    | 7 Comments
  • Aug. 19, 2014, 12:49 PM
    | 1 Comment
  • 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.
    | 6 Comments
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Company Description
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.