SPDR Advertisement SureTrader SureTrader SPDR Advertisement
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 2,298
Posts 79,127
Boards Moderated 12
Alias Born 08/05/09
160x600 placeholder
Advertisement
VRINGO PROVIDES LITIGATION UPDATE IN BRAZIL AND ROMANIA AGAINST ZTE "GlobeNewswire" - 6/29/2015 9:12:17 AM
Securities Registration Statement (simplified Form) (s-3) "Edgar (US Regulatory)" - 6/26/2015 5:17:18 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 6/24/2015 8:36:26 AM
VRINGO ANNOUNCES CREATION OF JOINT VENTURE WITH FORMER CTO "GlobeNewswire" - 6/24/2015 8:30:37 AM
(25-NSE) "Edgar (US Regulatory)" - 6/19/2015 1:55:16 PM
NASDAQ GRANTS VRINGO SIX-MONTH EXTENSION TO REGAIN MINIMUM BID PRICE COMPLIANCE "GlobeNewswire" - 6/18/2015 8:38:37 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 6/18/2015 8:36:34 AM
VRINGO ANNOUNCES FAVORABLE RULING AGAINST ZTE IN BRAZIL "GlobeNewswire" - 6/11/2015 9:06:05 AM
ROMANIAN COURT RENDERS FAVORABLE RULING FOR VRINGO "GlobeNewswire" - 6/10/2015 8:30:21 AM
Vringo, Inc.: ZTE WITHDRAWS PETITIONS FOR INTER PARTES REVIEW OF VRINGO PATENTS "GlobeNewswire" - 6/8/2015 9:00:00 AM
ZTE FOUND TO VIOLATE INJUNCTION IN BRAZIL "GlobeNewswire" - 5/19/2015 11:47:34 AM
BRAZILIAN COURT ANNOUNCES FAVORABLE RULING FOR VRINGO "GlobeNewswire" - 5/18/2015 9:00:00 AM
VRINGO FILES PETITION SEEKING SUPREME COURT REVIEW OF FEDERAL CIRCUIT'S REVERSAL OF JUDGMENT AGAINST GOOGLE "GlobeNewswire" - 5/14/2015 12:00:43 PM
Statement of Ownership (sc 13g) "Edgar (US Regulatory)" - 5/12/2015 11:38:24 AM
ROMANIAN COURT ANNOUNCES FAVORABLE RULING FOR VRINGO; PRELIMINARY INJUNCTION AGAINST ZTE ROMANIA REMAINS IN PLACE "GlobeNewswire" - 5/8/2015 8:30:00 AM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 5/5/2015 4:22:12 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 5/5/2015 4:08:12 PM
VRINGO ANNOUNCES 2015 FIRST QUARTER RESULTS "GlobeNewswire" - 5/5/2015 4:05:37 PM
Prospectus Filed Pursuant to Rule 424(b)(5) (424b5) "Edgar (US Regulatory)" - 5/4/2015 11:09:29 AM
Initial Statement of Trust Indenture (305b2) "Edgar (US Regulatory)" - 5/4/2015 10:59:23 AM
VRINGO SECURES $12.5 MILLION LONG-TERM DEBT FINANCING "GlobeNewswire" - 5/4/2015 8:20:21 AM
VRINGO COMMENTS ON ZTE'S ACTIONS IN CHINA "GlobeNewswire" - 4/30/2015 9:20:44 AM
ZTE FOUND IN BREACH OF CONTRACT "GlobeNewswire" - 4/8/2015 8:30:46 AM
VRINGO ANNOUNCES FAVORABLE RULING IN BRAZIL "GlobeNewswire" - 3/23/2015 9:00:00 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 3/16/2015 4:08:12 PM
[SMART MONEY] Member Level  Thursday, 01/23/14 07:17:41 AM
Re: Beth4 post# 47787
Post # of 58685 
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

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