 Judge bars Vonage from using Verizon VoIP patents
Judge bars Vonage from using Verizon VoIP patents
33 minutes ago
A federal judge issued a permanent injunction on Friday barring Vonage Holdings Corp. from using Internet phone call technology owned by Verizon Communications Inc.
U.S. District Judge Claude Hilton granted Verizon's request for an injunction prohibiting Vonage from using some Voice-over-Internet Protocol (VoIP) technologies that allow consumers to make calls over the Internet.
Vonage shares fell 6.2 percent, or 25 cents, to $3.80 shortly after the judge's decision. Trading in the stock was then halted.
A jury on March 8 found Vonage had infringed three patents owned by Verizon. The jury said Vonage must pay $58 million plus 5.5 percent royalties on future sales.
Judge Hilton agreed with Verizon that it would suffer irreparable harm if he allowed continued infringement of the patent. He rejected an argument by Vonage that the injunction would harm the public interest.
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