Latest in Court

Image credit:

Vonage settles with Verizon, owes up to $117.5 million

Darren Murph
10.25.07
1 Shares
Share
Tweet
Share

Sponsored Links

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.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
1 Shares
Share
Tweet
Share

Popular on Engadget

Master & Dynamic's MW07 Plus are much-improved true wireless earbuds

Master & Dynamic's MW07 Plus are much-improved true wireless earbuds

View
Master & Dynamic's MW07 Go is a $199 AirPod alternative

Master & Dynamic's MW07 Go is a $199 AirPod alternative

View
California's statewide earthquake alert system launches Thursday

California's statewide earthquake alert system launches Thursday

View
Skydio's station lets self-flying drones work around the clock

Skydio's station lets self-flying drones work around the clock

View
‘Harry Potter: Wizards Unite’ gathered location data while users slept

‘Harry Potter: Wizards Unite’ gathered location data while users slept

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr