Vonage lightened its legal burdens with a settlement of claims of patent infringement brought against the VoIP company by AT&T.
Vonage's infringement on six Sprint patents has yielded a lucrative payday for Sprint.
A landmark Supreme Court decision may prove to be the savior of Vonage. The ruling on "obviousness" is expected to have sweeping implications in patent law while pulling Vonage from the Verizon fire.
Verizon wasn't able to milk almost $200 million and 19 percent royalties from Vonage, but the troubled VoIP provider will have to fork over some cash for being in violation of three Verizon patents, a jury said yesterday.
A verdict is expected by tomorrow as to whether or not Vonage owes Verizon nearly $200 million in patent infringement penance, and almost $5 per customer in royalties. If so, Verizon blasts a very large hole in an already sinking ship.
The newly-public company's net loss grew to $74.1 million for the second quarter, compared to $63.6 million from a year earlier.
Things just go from bad to worse for Vonage. On top of a tanked initial public offering (IPO) and a class action shareholder lawsuit, Verizon has filed a patent infringement lawsuit against the voice-over-internet protocol (VoIP) company in a Virginia federal court.
The plummet of VoIP service Vonage's IPO has drawn a class action lawsuit from Atlanta-based law firm Motley Rice. It alleges the company and its underwriters violated federal securities laws by publishing a "false and misleading" prospectus.
If you recall, I cancelled Vonage back in April due to dissatisfaction with my service. I was ecstatic about the prospective of the features offered by Gizmo Project Area 775.
Not since Lumera Corp's IPO in July 2004 has a company IPO fallen as much as Vonage did in its first day of trading on Wall Street.
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