ROMANIAN COURT UPHOLDS PRELIMINARY INJUNCTION AGAINST ZTE ROMANIA IN VIEW OF ECJ HUAWEI V. ZTE DECISION
(Thomson Reuters ONE) -
NEW YORK - October 29, 2015- Vringo, Inc. (NASDAQ: VRNG), a company engaged in
the innovation, development and monetization of intellectual property as well as
the commercialization and distribution of wire-free charging and rugged
computing devices, today announced that a Romanian appellate court has denied
ZTE Romania's twelfth attempt to overturn or suspend Vringo's preliminary
injunction against ZTE Romania.
On August 6, 2015, ZTE Romania filed a motion seeking for the Bucharest
Tribunal, 5(th) Civil Section to set aside Vringo's preliminary injunction in
light of the July 16, 2015 European Court of Justice ruling in Huawei v. ZTE.
The Huawei v. ZTE case outlined the factors to consider in determining whether
the holder of a standard-essential patent abuses its dominant position in
seeking injunctive relief against an alleged infringer. On August 31, 2015, the
Bucharest Tribunal rejected all of ZTE Romania's arguments and denied ZTE
Romania's request as ungrounded. ZTE Romania appealed the Bucharest Tribunal's
decision and, yesterday, the Bucharest Court of Appeal denied ZTE Romania's
appeal as ungrounded, with no further chance of appeal.
"ZTE Romania has exhausted all reasonable bases for challenging the preliminary
injunction," said Dragos Vilau, of Vilau Associates, Vringo's Romanian counsel.
"Romanian courts have rejected each of ZTE Romania's attempts to circumvent the
court order against it which has been in place for well over one year and have
once again confirmed that the Romanian legal system provides effective tools for
patent holders in protecting and enforcing their rights" Mr. Vilau continued.
On June 30, 2014, the Bucharest Tribunal granted Vringo's request for an ex-
parte preliminary injunction against ZTE Romania and others, ordering ZTE
Romania to cease any importation, exportation, introduction on the market, offer
for sale, storage, sale, trade, distribution, promotion, or any other business
activity regarding allegedly infringing equipment.
Since then, ZTE Romania has attempted, unsuccessfully, to have the preliminary
injunction overturned or suspended twelve separate times. ZTE Romania has done
so by petitioning four separate courts, utilizing-and exhausting-a wide variety
of procedural mechanisms, and re-litigating the same issues.
In each instance, the relevant court has rejected ZTE Romania's attempt.
"ZTE's gamesmanship in litigations throughout the world highlights its refusal
to engage in negotiations to license Vringo's standard essential patent
portfolio on FRAND terms," said David Cohen, Vringo's Chief Legal and
Intellectual Property Officer. "Judges in Romania, Brazil, the United States,
and other countries continue to take notice of ZTE's bad faith litigation
tactics and failure to negotiate a FRAND license with Vringo," Mr. Cohen said.
"Further, yesterday's ruling by the Bucharest Court of Appeal highlights the
fact that Vringo continues to comply with international standards on the
licensing of standard-essential patents, as most recently outlined by the
European Court of Justice in its Huawei v. ZTE decision," Mr. Cohen continued.
Vringo's lawsuit seeking to recover its attorneys' fees for ZTE Romania's failed
attempts to overturn the preliminary injunction remains pending.
About Vringo, Inc.
Vringo, Inc. is engaged in the innovation, development and monetization of
intellectual property as well as the commercialization and distribution of wire-
free charging and rugged computing devices. Vringo's intellectual property
portfolio consists of over 600 patents and patent applications covering telecom
infrastructure, internet search, ad-insertion, mobile and wire-free charging
technologies. Vringo's subsidiary fliCharge is dedicated to the licensing and
commercialization of wire-free charging technologies. Vringo's subsidiary Group
Mobile is dedicated to the marketing and sale of rugged computing devices. For
more information, visit: www.vringo.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 ZTE and other companies; our inability to recognize the
anticipated benefits of the acquisition of IDG, which may be affected by, among
other things, competition, our ability to secure advantageous licensing and
sales agreements, market acceptance of IDG's technology, potential technology
obsolescence, protection of intellectual property rights and potential liability
risks that are inherent in the marketing and sale of products used by consumers;
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; our inability to protect our
intellectual property rights; new legislation, regulations or court rulings
related to enforcing patents, that could harm our business and operating
results; 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 a major securities exchange; 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; the future
success of Infomedia and our ability to receive value from its stock; our
ability to continue as a going concern; our liquidity 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 filed with the SEC on March 16, 2015. 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 GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1962302]
Unternehmensinformation / Kurzprofil:
Datum: 29.10.2015 - 13:45 Uhr
Sprache: Deutsch
News-ID 430509
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contact information:
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Kategorie:
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