XpresSpa Group Inc (XSPA)

[Patentinvestor]

ZTE's own calculation = $817 million

Vringo +15.7%; company demands ZTE produce all "responsive documents" [View news story]

See http://seekingalpha.com/user/703632/comments

vitosoranno1


The importance to Vringo of a ruling that affirms Adverse Inferences is that the US Court of Appeals has ruled it could promptly terminate the lawsuit in Vringo's favor.

ZTE's actions fit all of the requirements for a ruling for Adverse Inferences: it has apparently destroyed evidence; refused to produce evidence under its control; and will not produced a key witness (Mr. Guo).

Should the ruling be granted, the next step will be for Vringo to place a dollar figure on what has transpired.

Working against ZTE are their very own documents which have placed a value of $817 million.

The pot of gold at the end of the rainbow is getting increasingly closer

for Vringo. And the value of the pot appears to be greater than anyone ever imagined.