Shares Of Vringo Tumble; Company Loses Appeals Court Ruling

Shares of Vringo VRNG were briefly halted late Friday morning on a circuit breaker after a nearly 11 percent decline.

At 11:02:37 a.m., the trading halt code on Vringo was changed from circuit breaker to “T1” or “Trading is halted pending the release of material news.”

The federal appeals court handling Vringo's suit against Google was ruled against Vringo's favor.

The complete findings of the federal court can be seen here.

Shares last traded before the T1 halt at $2.81, down 10.79 percent.