A federal appeals court will hear arguments in the Vonage-Verizon patent case on April 24.
That means Vonage Holdings Corp. will be able to sign new subscribers until at least that day. The VoIP provider late last Friday received a stay of injunction that would have stopped the company from adding new customers.
Analysts for investment bank Stifel Nicolaus said Vonage, in its attempts to win a reprieve, might have to make information publicly available that it has so far been able to keep under wraps.
Meanwhile, District Judge Claude Hilton has scheduled what should be a final hearing concluding issues at the trial level. Stifel Nicolaus analysts said Hilton will decide Thursday whether to impose an additional $189 million bond on top of the $66 million bond he ordered April 6. We believe that he will likely require the additional bond, they wrote in a memo to clients.
Verizon Communications Inc. www.verizon.com
Vonage Holdings Corp. www.vonage.com