The currently pending Vringo (VRNG) versus Google (NASDAQ:GOOG) patent infringement lawsuit has received a lot of attention. Even famed Dallas Mavericks owner and Shark Tank entrepreneur Mark Cuban has reportedly taken a large ownership position in the small patent plaintiff. The case appears to be highly material to Vringo's stock, as it jumped 70% within 24 hours after a favorable decision in the case issued on October 3. While the judge presiding over the case has ordered the parties to discuss settlement, if settlement is not reached, the case will go to trial. In this Ravicher Report I discuss my perspective on the case, including a discussion of the judge's experience with patents disputes, the judge's decisions interpreting Vringo's patents and whether they are susceptible to being reversed on appeal, the arguments that will likely be raised by the parties during the trial, and, finally, my thoughts on expected outcomes.
WARNING: Ravicher Reports are publications of Ravicher LLC and contain the author's opinions on certain legal issues involving public companies. They are not investment advice or legal advice. They are based on information gathered from sources believed to be reliable but are not guaranteed as to accuracy or completeness. The information in Ravicher Reports is subject to change without notice, and neither the author nor Ravicher LLC assume any responsibility to update the information contained therein. The author and other Ravicher LLC officers, employees, or members of their families might, from time to time, have a position in the securities mentioned and may purchase or sell these securities in the future. Although initially offered for a fee, they may later be made available for free via the author's Seeking Alpha page or other means.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.