Newly released court documents relating to Vringo`s (VRNG) civil litigation action case against Google Inc. (GOOG) (I/P ENGINE, INC., versus AOL, INC. et al.) which is pending in the Federal District Court for the Eastern District of Virginia show, among other things, that On July 19, 2012, Google responded to Interrogatory No.15 by relying on Fed. R. Civ. P. 33(d) and identified the same seven documents that it had produced the day before the June 12, 2012 30(b)(6) deposition.
Based on Defendants` response to Interrogatory No. 15, I/P Engine`s damages expert, Dr. Becker, relied upon the documents identified in Rule 33(d) in formulating his damages opinion.
Dr. Becker calculated that I/P Engine`s damage claim was $696 million, plus prejudgment interest.
A news report filed by Ben Rubin of Dow Jones indicates that while Wall Street analysts had speculated on what kind of damages Vringo is seeking in its patent suit against Google the new documents now at least provide a partial number to answer that question ahead of its October 16th trial date.
Rubin points out that the $696M in past damages figure mentioned in the redacted version of the documents does not include past interest or any future royalties, and dwarfs the company`s current market cap. Vringo`s claims against Google Inc., AOL, Inc. (AOL), IAC/InterActive (IACI), Target Corporation (TGT), and others strike at the core of Google`s revenues according to the complaint.
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