A federal appeals court today denied Vonage Holdings Corp.s request that the jury verdict against it be thrown out and that the company get a new trial.
We believe that Vonage has not yet made a sufficient argument to justify a new trial, said analysts for investment bank Stifel Nicolaus in a memo to clients.
Instead, the court said the IP telephony provider which a jury found to have infringed on three Verizon Communications Inc. patents may include the issue in its appeal brief, due May 9.
Oral arguments before the appeals court still are scheduled for June 25.
Stifel Nicolaus www.stifel.com
Verizon Communications Inc. www.verizon.com
Vonage Holdings Corp. www.vonage.com