guilty

 

Vonage Guilty Again of Patent Infringement

For the second time this year, a jury has said Vonage Holdings Corp. infringed on patents. The jury found Tuesday in federal court in Kansas City, Kan., that Vonage infringed on six Sprint Nextel patents and ordered the VoIP leader pay $69.5 million. Vonage also has to pay Sprint a 5 percent royalty on future […]

Jury Finds Qualcomm Guilty of Patent Infringement

A federal jury on Tuesday found Qualcomm Inc. guilty of infringing on three patents owned by Broadcom Corp. The jury awarded Broadcom $19.6 million in damages and found that Qualcomms infringement was willful. The trial judge could decide to increase the damages award by up to three times the current amount. Qualcomm develops CDMA and […]

Nacchio Sues Over Legal Fees

Former Qwest Communications International Inc. CEO Joe Nacchio has filed a lawsuit in a Delaware court over his legal costs. He said Qwest is balking at paying his legal fees and he is asking the court to require the company to keep footing the bills. Nacchio last month was found guilty on 19 of 42 […]

Nacchio Found Guilty on 19 of 42 Counts

A jury Thursday found former Qwest Communications International Inc. CEO Joe Nacchio guilty on 19 of 42 counts of illegal insider trading. Jury deliberations took six days. Nacchio now faces up to 10 years in prison and a $1 million fine for each of the 19 guilty counts. Federal prosecutors contended Nacchio took part in […]

Jury Declares Ebbers Guilty

A federal jury today found Bernard Ebbers, WorldCom Inc.s former chief executive, guilty of fraud, conspiracy and filing false documents with regulators. Reuters reported he faces up to 85 years in prison; sentencing is scheduled for June 13. The 63-year-old Ebbers plans to appeal, Reuters said. Ebbers epitomized the rise and fall of the telecommunications […]

WorldCom’s Yates Pleads Guilty in Accounting Scandal

Buford Yates Jr. on Monday became the second WorldCom Inc. executive to admit participation in one of the largest accounting frauds in U.S. history. Yates, WorldCom’s former director of general accounting, pleaded guilty to one count of conspiracy and one count of securities fraud before a U.S. Magistrate judge in Manhattan. Yates could be sentenced […]

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