Vringo Confirms US District Court Decision in Google Case
Vringo, Inc. (NASDAQ: VRNG), a company engaged in the innovation, development and monetization of intellectual property and mobile technologies, today announced that the U.S. District Court for the Eastern District of Virginia, Norfolk Division, has issued a Memorandum Opinion and Order related to its wholly-owned subsidiary I/P Engine, Inc.'s patent litigation against AOL, Google et al.
In the Order, the District Court found that Defendants' alleged design-around is "nothing more than a colorable variation of the system adjudged to infringe," and accordingly I/P Engine "is entitled to ongoing royalties as long as Defendants continue to use the modified system."
The District Court deferred ruling on the royalty rate pending the parties' settlement conference that is scheduled for later today before a United States Magistrate Judge.
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