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Vonage Settles With Verizon for at Least $80M

Posted by Zonk on from the tough-room dept.

netbuzz writes "Fresh off agreeing to pay Sprint Nextel $80 million earlier this month, Vonage has now agreed to compensate Verizon at least $80 million to settle their patent dispute, and the total could hit $117 million depending on the outcome of appeals Vonage has pending. 'If Vonage wins rehearing on either the '574 or '711 patent or if the injunction is vacated as to the '574 or '711 patent, Vonage will pay Verizon $80 million. If Vonage does not win rehearing on either the '574 or '711 patent, or if the stay is lifted reinstating the injunction, Vonage will pay Verizon $117.5 million.' And, of course, don't forget AT&T just recently opened charges against the company as well."

3 of 74 comments (clear)

  1. Vonage looks great! by Big+Nothing · · Score: 3, Funny

    This "Vonage" company seems stable and solid - where can i purchase some stock in the company?

    --
    SIG: TAKE OFF EVERY 'CAPTAIN'!!
  2. New commercial theme song by Anonymous Coward · · Score: 1, Funny

    Boo-hoo, boo-hoo-hoo
    Boo-hoo, boo-hoo-hoo
    Boo-hoo, boo-hoo,
    Boo-hoo, boo-hoo-hoo.

    I put an extra line in here by the way so the filter wouldn't ding me for "too much repetition."

  3. Note to self... by JK_the_Slacker · · Score: 3, Funny

    ...Call lawyer. Have him sue Vonage for patent infringement.

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    I'm waiting for a "-1 somepeoplejustshouldn'tgetmodprivileges" meta-moderation.