Vringo, Inc. 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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in