VRINGO ANNOUNCES THAT USPTO CONFIRMS VALIDITY OF THE '420 PATENT ASSERTED IN LITIGATION WITH AOL, GOOGLE ET AL.
(Thomson Reuters ONE) -
NEW YORK - July 24, 2013 - Vringo, Inc. (NASDAQ: VRNG), a company engaged in the
innovation, development and monetization of intellectual property and mobile
technologies, today announced that the United States Patent and Trademark Office
has issued a Notice of Intent to Issue Ex Parte Reexamination Certificate for
U.S. Patent No. 6,314,420 ("the '420 Patent").
On May 24, 2012, Google submitted a request to the USPTO for ex parte
reexamination of claims 10, 14, 15, 25, 27 and 28 of the '420 Patent.
Today, the USPTO released a Notice of Intent to Issue Ex Parte Reexamination
Certificate stating that it will issue a certificate confirming the validity of
all claims in the '420 patent challenged by Google in this reexamination.
Background
On November 6, 2012, a jury in U.S. District Court in Norfolk, Virginia ruled in
favor of I/P Engine and against defendants AOL, Inc., Google, Inc., IAC Search &
Media, Inc., Gannett Company, Inc., and Target Corporation (collectively,
"Defendants") with respect to Defendants' infringement of the asserted claims of
U.S. Patent Nos. 6,314,420 and 6,775,664.
After upholding the validity of the patents-in-suit, and determining that the
asserted claims of the patents were infringed by Defendants, the jury found that
reasonable royalty damages should be based on a "running royalty," and that the
running royalty rate should be 3.5%. The jury also awarded I/P Engine a total
of approximately $30.5 million. On November 20, 2012, the clerk entered the
District Court's final judgment.
The U.S. District Court proceedings are pending in the Eastern District of
Virginia, Norfolk Division. The case number is 2:11cv512RAJ. Appellate
proceedings are pending in the United States Court of Appeals for the Federal
Circuit. The docket numbers are 13-1307 and 13-1313. The court dockets for the
foregoing cases are publicly available on the Public Access to Court Electronic
Records website, www.pacer.gov, which is operated by the Administrative Office
of the U.S. Courts.
Documents regarding USPTO proceedings are publicly available on the Patent
Application Information Retrieval website,
http://portal.uspto.gov/pair/PublicPair, which is operated by the USPTO. The
control number for the reexamination that is the subject of this press release
is 90/009,991.
About Vringo, Inc.
Vringo, Inc. is engaged in the innovation, development and monetization of
intellectual property and mobile technologies. Vringo's intellectual property
portfolio consists of over 500 patents and patent applications covering telecom
infrastructure, internet search, and mobile technologies. The patents and
patent applications have been developed internally, and acquired from third
parties. Vringo operates a global platform for the distribution of mobile
social applications and services. For more information, visit:
www.vringoIP.com.
Forward-Looking Statements
This press release includes forward-looking statements, which may be identified
by words such as "believes," "expects," "anticipates," "estimates," "projects,"
"intends," "should," "seeks," "future," "continue," or the negative of such
terms, or other comparable terminology. Forward-looking statements are
statements that are not historical facts. Such forward-looking statements are
subject to risks and uncertainties, which could cause actual results to differ
materially from the forward-looking statements contained herein. Factors that
could cause actual results to differ materially include, but are not limited to:
our inability to license and monetize our patents, including the outcome of the
litigation against online search firms and other companies; our inability to
monetize and recoup our investment with respect to patent assets that we
acquire; our inability to develop and introduce new products and/or develop new
intellectual property; new legislation, regulations or court rulings related to
enforcing patents, that could harm our business and operating results; the
inability to realize the potential value created by the merger with
Innovate/Protect for our stockholders; unexpected trends in the mobile phone and
telecom infrastructure industries; our inability to raise additional capital to
fund our combined operations and business plan; our inability to maintain the
listing of our securities on NASDAQ; the potential lack of market acceptance of
our products; potential competition from other providers and products; our
inability to retain key members of our management team; and other risks and
uncertainties and other factors discussed from time to time in our filings with
the Securities and Exchange Commission ("SEC"), including our annual report on
Form 10-K for the year ended December 31, 2012 filed with the SEC on March
21, 2013. Vringo expressly disclaims any obligation to publicly update any
forward-looking statements contained herein, whether as a result of new
information, future events or otherwise, except as required by law.
Contacts:
Investors and Media:
Cliff Weinstein
Executive Vice President
Vringo, Inc.
646-532-6777
cweinstein(at)vringoinc.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Vringo, Inc. via Thomson Reuters ONE
[HUG#1718601]
Unternehmensinformation / Kurzprofil:
Datum: 24.07.2013 - 20:08 Uhr
Sprache: Deutsch
News-ID 281621
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