Vonage Asks for Review of Verizon Patent Infringement Ruling
Vonage Holdings Corp. has filed a motion for review of a U.S. Appeals Court’s decision to uphold Verizon’s parent infringement victory against the struggling broadband phone provider.
The Appeals Court ruled on September 26 that Vonage had infringed on two of Verizon’s patents, and upheld a lower court decision ordering the Vonage to pay damages and royalties to the telecom giant.
Vonage has been hit with a number of legal setbacks since its initial public offering in May 2006, causing its stock to plummet 89% in a seventeen-month period.
The company did manage to settle a similar patent lawsuit with Sprint Nextel Corp. earlier this week, however, and said that it would “explore all legal options available to put the Verizon litigation to rest,” indicating that compromise is one possible outcome in this case.
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