legal

 

Vonage Wont Get Appeal, Must Pay Verizon

Vonage Holdings Corp. will pay $120 million to end the patent infringement lawsuit it lost to Verizon Communications Inc. earlier this year. A U.S. appeals court last week refused to reconsider the case and Vonage now must pay Verizon $117.5 million and give $2.5 million to charity. Vonage hoped to trim that cost to $80 […]

Nortel Settles for $35 million With SEC

Nortel Networks will pay the Securities and Exchange Commission $35 million to settle a revenue and earnings management fraud lawsuit, the company said Monday. The equipment maker also said it will take steps to prevent such fraud in the future, including providing the SEC with quarterly reports on its progress in implementing its remediation plan […]

Nacchio Appeals Insider Trading Conviciton

Former Qwest Communications International Inc. CEO Joseph Nacchios legal team is seeking to overturn his conviction for insider trading. Nacchios attorney, Maureen Mahoney, filed a 58-page brief with a federal appeals court Tuesday saying there was insufficient evidence for a conviction. She also said the judge gave improper jury instructions and excluded important defense testimony […]

Vonage Legal Woes Continue, Stock Nosedives to All-Time Low

Vonage Holdings Corp. stock on Wednesday took a nearly 48 percent dive bottoming out at 94 cents per share and surpassing the previous all-time low of $1.20 after it got hit, twice, with more bad legal news. On Wednesday, a federal appeals court reaffirmed an earlier order that bars Vonage from using VoIP-PSTN connection and […]

The Best Things for Agents Arent Free

Conferencing is a lucrative market, but its hard to sell something that someone else is giving away. Legal challenges to free conferencing services could present a new opportunity for agents to sell paid conferencing services to small businesses and nonprofits. In the session, Free Conferencing Meltdown, Brad Dupee, founder of Copper Conferencing, and Greg Plum, […]

Nokia Files Complaint Against Qualcomm

Nokia has filed a complaint with the U.S. International Trade Commission (ITC) asking it to bar Qualcomm Inc. from importing products that allegedly violate Nokia patents. Nokia says Qualcomm has participated in unfair trade practices, including importing products, selling products for importation, and selling products after importation, among other things. Qualcomm has allegedly infringed on […]

Nacchio Gets Six Years in Prison, Must Repay $52 Million

Joe Nacchio, Qwest Communications International Inc.s embattled former CEO, was sentenced July 27 to six years in prison. A federal judge on Monday also ordered Nacchio to repay $52 million within 15 days, pay a $19 million fine, cover most legal costs and serve two years of probation in addition to his prison time. Nacchio […]

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