SureTrader Advertisement SureTrader
Home > Boards > US Listed > Internet - E-Commerce > Vringo, Inc. (VRNG)

Vringo Soars 24% after Court Says Entitled to

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
[SMART MONEY]  Member Profile
Member Level 
Followed By 2,399
Posts 84,537
Boards Moderated 7
Alias Born 08/05/09
160x600 placeholder
Current Report Filing (8-k) "Edgar (US Regulatory)" - 4/25/2016 8:28:25 AM
Confidential Treatment Order (ct Order) "Edgar (US Regulatory)" - 4/11/2016 1:58:03 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 4/6/2016 5:29:10 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 4/6/2016 5:27:42 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 4/6/2016 5:27:13 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 4/6/2016 5:26:21 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 4/6/2016 5:25:29 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 4/6/2016 5:24:09 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 4/6/2016 5:23:41 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 4/6/2016 5:21:58 PM
Securities Registration (section 12(b)) (8-a12b) "Edgar (US Regulatory)" - 3/21/2016 4:34:47 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 3/21/2016 4:33:10 PM
VRINGO ADOPTS SHAREHOLDER RIGHTS PLAN TO PRESERVE VALUABLE NET OPERATING LOSS CARRYFORWARDS AND OTHER TAX BENEFITS "GlobeNewswire" - 3/18/2016 5:24:02 PM
Securities Registration: Employee Benefit Plan (s-8) "Edgar (US Regulatory)" - 3/17/2016 4:31:55 PM
Initial Statement of Beneficial Ownership (3) "Edgar (US Regulatory)" - 3/17/2016 8:36:29 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 3/17/2016 8:31:28 AM
VRINGO ANNOUNCES ADDITIONAL CHANGES TO BOARD OF DIRECTORS "GlobeNewswire" - 3/16/2016 4:30:14 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 3/10/2016 4:34:33 PM
VRINGO ANNOUNCES FULL YEAR RESULTS FOR 2015 AND PROVIDES UPDATE ON ONGOING BUSINESS OPERATIONS "GlobeNewswire" - 3/10/2016 4:30:25 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 3/9/2016 8:31:20 AM
VRINGO ANNOUNCES SUCCESSFUL DEBT RESTRUCTURING AND APPOINTMENT OF NEW BOARD MEMBER "GlobeNewswire" - 3/9/2016 8:30:23 AM
Amended Statement of Ownership (sc 13g/a) "Edgar (US Regulatory)" - 2/8/2016 5:24:28 PM
Initial Statement of Beneficial Ownership (3) "Edgar (US Regulatory)" - 2/8/2016 4:21:48 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 2/8/2016 4:18:39 PM
BRUCE T. BERNSTEIN JOINS VRINGO BOARD OF DIRECTORS "GlobeNewswire" - 2/8/2016 8:45:25 AM
[SMART MONEY] Member Level  Thursday, 01/23/14 07:17:41 AM
Re: Beth4 post# 47787
Post # of 65131 
Vringo Soars 24% after Court Says Entitled to ‘Ongoing Royalties’ from Google, Others
.




By Tiernan Ray

Shares of patent holding company Vringo (VRNG) were briefly halted this afternoon before the company announced that the U.S. District Court for the Eastern District of Virginia, Norfolk Division, found the company is entitled to “ongoing royalties” in its lawsuit against a group of companies including Google (GOOG) and AOL (AOL).

The shares have now resumed trading and are up 73 cents, or almost 24%, at $3.86.

Vringo is scheduled to have settlement talks with defendants later today.

Vringo has been suing Google and the others on grounds their Web search efforts infringed on fundamental technologies whose patents Vringo has acquired over the years. The amounts proposed by the jury seem to be lower than some were expecting, given the shares traded off on the announcement. (For further background, see the long TechCrunch article back in April of 2012 by James Altucher.)

Today’s announcement follows a January 3rd court document stating the company was entitled to supplementary damages. That follows an initial $30 million judgment in the company’s favor back in November.

Vringo had fallen on that initial November ruling, as the judgment was smaller than some investors had been expecting. The stock plunged back in October when word first came that the judge in the matter had limited the damages in the case.

Vringo shares are up 18% in the last 12 months.
http://blogs.barrons.com/techtraderdaily/2014/01/22/vringo-soars-24-after-court-says-entitled-to-ongoing-royalties-from-google-others/?mod=tech

SureTrader
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist