• Most Popular
  • Most Shared

Vonage says settles patent dispute with Verizon

NEW YORK
Thu Oct 25, 2007 4:23pm EDT

Stocks

   
A Vonage V-Phone is plugged into a laptop computer in an undated file photo. Internet-based calling company Vonage Holdings Corp. said on Thursday that it settled a patent dispute with Verizon Communications Inc. REUTERS/Vonage Marketing Inc./Handout

NEW YORK (Reuters) - Internet-based calling company Vonage Holdings Corp. (VG.N) said on Thursday that it settled a patent dispute with Verizon Communications Inc (VZ.N).

Vonage said the final terms of the settlement depend on a court of appeals decision on Vonage's petition for a rehearing on its patents, but the amount will be capped at $32 million in addition to $88 million already held in escrow.

Vonage has been hit by a series of lawsuits since going public in May 2006. It has also been sued by AT&T Inc (T.N).

(Reporting by Ritsuko Ando)


More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets