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post #1 of 3 (permalink) Old 10-26-2007, 11:23 AM Thread Starter
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another Vonage settlement

Not exactly a small one, either. With AT&T hot on their heels as well, you've got to wonder just how much money they've got left to toss at telco's.


from /.:

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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.
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post #2 of 3 (permalink) Old 10-26-2007, 12:21 PM
 
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wow sounds like Vonage has a pretty deep pocket... :
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post #3 of 3 (permalink) Old 10-26-2007, 08:53 PM
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They must have some major bucks stashed away to be paying all this money. Damn!



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