SiliconInsider: Vonage, Verizon Settle Patent Fight: Up To $ 117.5 Million
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Started by: zoobabzoobab
Date: 26 Oct 2007 10:18
Number of posts: 1
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Summary:
Vonage has finally settled its patent war with telecom giant Verizon. It will be costly: up to $117.5 million. But most important: Vonage won't have to shut down its network or pay Verizon a chunk of its monthly revenue. [...] If Vonage doesn't win a rehearing on either patent, or if the stay is lifted, Vonage will pay Verizon $117.5 million, plus another $2.5 million to "certain charities."
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