Vonage Holdings Corp. said Wednesday it has filed a motion seeking a review of a U.S. appeals courts decision on a patent dispute with Verizon Communications Inc.
The court upheld on Sept. 26 a verdict that Vonage infringed on two Verizon patents. It also remanded the verdict on a third patent and ordered a review of the damages awarded to Verizon.
In March a jury said Vonage willfully infringed on the patents and ordered the VoIP provider to pay $58 million and 5.5 percent royalties.
On Monday Vonage settled a similar case with Sprint Nextel for $80 million and an agreement to license the technology it was found guilty of using.
Vonage stock was down 26 cents, or 11.87 percent, to $1.93 on Wednesday.
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May 17 2019 @ 15:34:37 UTC