Replies to post #52647 on XpresSpa Group Inc (XSPA)

[acrazjo]

No idea where this will settle out. Has to be some buying in here by those in the know.
I just keep rereading this news brief'

VRINGO ANNOUNCES U.S. DISTRICT COURT ORDER OF POST-JUDGMENT ROYALTY RATE OF 6.5% AGAINST GOOGLE FOR CONTINUED AND WILLFUL PAT...
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NEW YORK - January 29, 2014 - Vringo, Inc. (NASDAQ: VRNG) today announced that on January 28, 2014, the U.S. District Court for the Eastern District of Virginia, Norfolk Division, 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 its patents through their AdWords system.

In the Order, the Court held that the appropriate ongoing royalty rate for defendants' continued infringement of the patents-in-suit that "would reasonably compensate [I/P Engine] for giving up [its] right to exclude yet allow an ongoing willful infringer to make a reasonable profit" is a rate of 6.5% of the 20.9% royalty base previously set by the District Court.

"We are pleased with the District Court's ruling. We are committed to vigorously defending our intellectual property rights to redress Google and its customers' continuing and willful unlicensed use of the technology invented by Ken Lang, our President and Chief Technology Officer," said Andrew D. Perlman, Chief Executive Officer of Vringo.