The world's favorite ATM is being hit up for even more coin today, as Vonage (presumably begrudgingly) agreed to resolve the patent lawsuit between it and Verizon. Reportedly, the actual amount that the VoIP provider will be forced to pay "depends on how the Court of Appeals decides Vonage's pending petition for rehearing regarding two of the Verizon patents." The breakdown is like so: if Vonage wins rehearing on either patent in question "or if the injunction is vacated," it'll owe $80 million. If the outfit doesn't win rehearing on either patent or "if the stay is lifted reinstating the injunction," it will soon find its thinning wallet a full $117.5 million lighter. Sounds like a prototypical lose-lose situation (or win-win, depending on perspective).Vonage settles with Verizon, owes up to $117.5 million
D. Murph|10.25.07
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October 25th, 2007
In this article: court, lawsuit, legal, litigation, patent dispute, patent infrigement, PatentDispute, PatentInfrigement, sue, suit, verizon, vonage
The world's favorite ATM is being hit up for even more coin today, as Vonage (presumably begrudgingly) agreed to resolve the patent lawsuit between it and Verizon. Reportedly, the actual amount that the VoIP provider will be forced to pay "depends on how the Court of Appeals decides Vonage's pending petition for rehearing regarding two of the Verizon patents." The breakdown is like so: if Vonage wins rehearing on either patent in question "or if the injunction is vacated," it'll owe $80 million. If the outfit doesn't win rehearing on either patent or "if the stay is lifted reinstating the injunction," it will soon find its thinning wallet a full $117.5 million lighter. Sounds like a prototypical lose-lose situation (or win-win, depending on perspective).Verizon owns Engadget's parent company, Verizon Media. Rest assured, Verizon has no control over our coverage. Engadget remains editorially independent.
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