Key Developments: Vringo Inc (VRNG.PH)

VRNG.PH on Philadelphia Stock Exchange

0.93USD
19 Sep 2014
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Latest Key Developments (Source: Significant Developments)

Vringo Inc files lawsuit against Zte in Romania
Thursday, 26 Jun 2014 09:00am EDT 

Vringo Inc:Says wholly owned subsidiary, Vringo Infrastructure, Inc., filed patent infringement lawsuit against ZTE in Romania.  Full Article

Vringo Inc announces exercise of outstanding warrants
Friday, 20 Jun 2014 08:30am EDT 

Vringo Inc:Plans to expand and escalate its global litigation and licensing programs following receipt of $10 mln in cash from exercise of outstanding warrants by three institutional investors.Investors exercised 5,697,227 warrants, which are part of a series of warrants that expire in three years, on July 19, 2017, and have an exercise price of $1.76.Exercised warrants represent 58 pct of the July 2017 Warrant Series. Vringo directors and officers hold 70 pct of the remaining July 2017 Warrant Series.  Full Article

Vringo Inc announces U.S. district court order of post-judgment royalty rate of 6.5% against Google Inc and AOL Inc
Wednesday, 29 Jan 2014 08:53am EST 

Vringo Inc:Says the U.S. District Court issued a Memorandum Opinion and Order related to its wholly-owned subsidiary I/P Engine, Inc.'s litigation against AOL, Google et al. for infringement of patents through their AdWords system.Says the Court held that the appropriate ongoing royalty rate is 6.5% of the 20.9% royalty base previously set by the District Court.On Nov. 6, 2012, the District Court in Norfolk, ruled in favor of I/P Engine and against the defendants AOL Inc., Google, Inc., IAC Search & Media, Inc., Target Corp., and Gannett Co., Inc. with respect to defendants' infringement of the asserted claims of U.S. Patent Nos. 6,314,420 and 6,775,664.  Full Article

Vringo Inc files lawsuit against Tyco International Ltd in Germany
Tuesday, 28 Jan 2014 08:30am EST 

Vringo Inc:Says that its wholly-owned subsidiary, Vringo Germany GmbH, filed a patent infringement lawsuit against Tyco International Ltd., and Tyco Security Products EMEA.Says lawsuit, filed in the Regional Court of Mannheim, alleges infringement of the European Patent 1,221,149, entitled Process and Device for Surveillance of a Room.Says court initiated service on Jan. 23.Says according to the complaint, Vringo requests that Tyco provide information regarding the extent to which Tyco offers and/or delivers infringing products and compensate Vringo for any loss it has incurred or will incur due to such actions.  Full Article

Infomedia to acquire Vringo's mobile platforms and partner services business
Thursday, 2 Jan 2014 08:30am EST 

Vringo Inc:Says it has entered into a definitive agreement with Infomedia Services Ltd. pursuant to which Infomedia will acquire Vringo's mobile partnerships, application business, and a portfolio of internally developed patents related to those technologies.Says the transaction is expected to close upon the satisfaction or waiver of certain closing conditions which are anticipated to be completed by Mar. 31.  Full Article

ZTE Corp statement on setting aside of Court injunction in litigation with Vringo Inc in India
Tuesday, 17 Dec 2013 09:43pm EST 

ZTE Corp:Says the Delhi High Court set aside the injunction sought against the company`s products by Vringo Inc.Says its business operations in India are unaffected by the litigation.Says it is confident of a positive outcome in the litigation in India as the company continues to defend Vringo`s complaints vigorously.Says it reserves the right to pursue legal action against Vringo in different jurisdictions to minimize disruptions to its business and customers.  Full Article

Vringo Inc Files Lawsuit Against ASUSTeK Computer, Inc. And ASUS Computer GmbH In Germany
Monday, 7 Oct 2013 09:01am EDT 

Vringo Inc announced that its wholly owned subsidiary, Vringo Germany GmbH, filed a patent infringement lawsuit against Asus in Germany. On October 4, 2013, Vringo GmbH sued ASUSTeK Computer, Inc. and ASUS Computer GmbH in the Düsseldorf Regional Court. The filings allege infringement of the German part of European Patent 0,748,136. The patent in suit relates to devices, including those with hotspot functionality, that provide data services between two different wireless/cellular networks.  Full Article

Vringo Inc's Subsidiary Files Lawsuit Against Zte Corp's Subsidiary
Wednesday, 12 Jun 2013 08:30am EDT 

Vringo Inc announced that its wholly owned subsidiary, Vringo Infrastructure Inc has filed a patent infringement lawsuit against ZTE (Australia) Pty Ltd, an Australian subsidiary of ZTE Corporation (ZTE). The lawsuit filed in the Federal Court of Australia in the New South Wales registry, alleges infringement by ZTE Australia of Australian Standard Patents AU 2005/212,893 and AU 773,182. The proceeding has been assigned Case No. NSD1010/2013.  Full Article

Vringo Inc's I/P Engine, Inc. Files Lawsuit Against Microsoft Corp
Thursday, 31 Jan 2013 09:23am EST 

Vringo Inc announced that wholly owned subsidiary, I/P Engine, Inc., filed a patent infringement lawsuit against Microsoft Corporation in the Southern District of New York. The lawsuit alleges infringement of U.S. Patent Nos. 6,314,420 and 6,775,664, entitled Collaborative/Adaptive Search Engine and Information Filter System and Method for Integrated Content-Based and Collaborative/Adaptive Feedback Queries, respectively. According to the complaint, I/P Engine is seeking a judgment declaring that Microsoft has and continues to infringe the patents-in-suit, and an award past and future compensatory damages amounting to no less than reasonable royalties, prejudgment interest and any other damages based on any form of recoverable economic injury.  Full Article

Vringo Inc Says Jury Supports Patent Case Against Google Inc, Others-Reuters
Tuesday, 6 Nov 2012 03:29pm EST 

Reuters reported that Vringo Inc said a jury had asked five companies, including Google Inc to pay about $30 million for infringing its patents. The court-appointed jury upheld the validity of Vringo's patents and asked Google Inc to pay $15.8 million, AOL Inc $7.9 million, IAC/InterActiveCorp-owned IAC Search & Media $6.6 million and Gannett Co Inc $4.3 million, Vringo said. Vringo inherited the lawsuit after it acquired Innovate/Protect (I/P), a company which specializes in monetizing intellectual property, in March. I/P had filed a patent infringement lawsuit against AOL Inc, Google Inc, IAC/InterActiveCorp, Gannett Co Inc and Target Corp. After finding that the patent claims were both valid and infringed by Google Inc, the jury found that reasonable royalty damages should be based on a "running royalty", and that the running royalty rate should be 3.5%, Vringo Inc said.  Full Article

Vringo shares dive after court tosses patent claims

- A U.S. appeals court on Friday rejected patent claims brought by a Vringo Inc subsidiary against several companies including Google, sending Vringo shares plummeting.

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