Jury finds Vonage infringed on Verizon patents
Submitted
by
LabRat
LabRat writes "Today, a jury found that Vonage violated 3 key patents held by Verizon. Vonage is ordered to pay $58 million in past damages and a 5.5% royalty on future sales revenue. While much smaller than what Verizon was seeking ($5/customer/month)...it's still quite a substantial financial blow to a company that continues to hemorrhage cash as it seeks to buy it's way to market share through a marketing blitz campaign. It's unclear at this point if this victory will embolden Verizon to pursue blackmail, erm, settlements from other VoIP providers..though it seems highly unlikely that Verizon would pass up the opportunity to generate cash flow from its IP holdings. No word yet if Vonage plans to appeal."