Equity Briefing: AOL Settles Vringo Patent Suit
(Thomson Reuters ONE) -
According to public filings, AOL has settled on their own Patent infringement
suit with Vringo, Inc.(AMEX:VRNG) but still remains a defendant in the
Litigation against Google.
This validates the strength of the Markman Ruling in Vringo`s primary patent
infringement case against Google (BNASDQ:GOOG), AOL, Inc.(NYSE:AOL),
IAC/InterActiveCorp. (NASDAQ:IACI), Target Corporation (NYSE:TGT),and Gannett
Co., Inc. (NYSE:GCI) in the Eastern District of Virginia, these asserted patents
cover the ranking of Google`s advertising search results based on content
relevance and click-through rates. This strikes at the core of Google`s revenues
according to the complaint filed.
Now that the merger is complete, expert damages reports are expected to be filed
with the court any day.
According to several publications, a settlement in favor of Vringo could be
worth hundreds of millions of dollars in while a win could top over into the
billions of dollars, but investors will have to wait until October 16, 2012 when
Vringo is scheduled to go to trial on the larger case.
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originality of the information contained therein.
Source: Equity Briefing via Thomson Reuters ONE
[HUG#1632121]
Datum: 06.08.2012 - 17:01 Uhr
Sprache: Deutsch
News-ID 171938
Anzahl Zeichen: 1716
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