Key Developments: Vringo Inc (VRNG.W)

VRNG.W on CBOE When Trading NASDAQ Global Select Market

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15 Apr 2014
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Latest Key Developments (Source: Significant Developments)

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 Inc Announces $45 Million Registered Direct Offering of Common Stock
Friday, 5 Oct 2012 09:00am EDT 

Vringo Inc announced that it has entered into subscription agreements for the sale of 10,344,998 shares of its common stock in a registered direct offering at a price of $4.35 per share, for gross proceeds of approximately $45 million. The shares were offered directly to five existing institutional investors without a placement agent or underwriter. The sale and issuance of the shares is expected to close on or about October 9, 2012, pending NYSE MKT approval.  Full Article

Vringo Inc Denied Summary Judgment In Patent Dispute With Google Inc -Reuters
Wednesday, 3 Oct 2012 03:57pm EDT 

Reuters reported that Vringo Inc's shares jumped on Wednesday after a judge denied Google Inc a motion for summary judgment in a patent dispute. Google was sued by Innovate/Protect Inc, which was acquired by Vringo. Vringo is seeking an award of at least $696 million from Google, financial website iStockAnalyst reported.  Full Article

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