XpresSpa Group Inc (XSPA)

[pointofend]

The 2nd update states 3.5% royalty till the patents expire. Is this false information?

What reasons would the judge have to lower the rate for future royalty if the jury set 3.5% on past royalties?
Anyone can reply.


2nd UPDATE: Vringo Awarded $30 Million in Patent-Infringement Suit

--Vringo to gain royalties until patents expire in 2016

--Past damages worth $30 million, well below what Vringo initially sought

--Google says it will ultimately win the case

(Adds comment from Google in fourth paragraph and other details.)

By Ben Fox Rubin

Small technology company Vringo Inc. (VRNG) said it was awarded about $30 million in damages and granted future royalties by a federal jury in its patent suit against a handful of technology giants, including Google Inc. (GOOG) and AOL Inc. (AOL).

Vringo was awarded a 3.5% running royalty rate off a portion of the defendants' search-advertising revenue until the patents expire in 2016. A person close to the case said the royalties should be far more significant than the past damages and could be worth several million dollars a year.