Vonage Settles Patent Suit With Sprint

VONAGE SETTLES PATENT SUIT WITH SPRINT
[SOURCE: Associated Press, AUTHOR: Peter Svensson]
Vonage will pay Sprint Nextel $80 million to settle a patent suit. On Sept. 25, a jury in the U.S. District Court in Kansas City, Kan., found that Vonage infringed on six Sprint patents, and ordered Vonage to pay $69.5 million in damages. Sprint also agreed to license Vonage its portfolio of more than 100 patents on connecting calls between a regular telephone network and a packet-switched network such as the Internet. The settlement does not put all of Vonage's legal troubles behind it. In March, another jury awarded Verizon Communications Inc. $58 million in damages, plus 5.5 percent royalties on future revenues after finding that Vonage violated three Verizon patents. Litigation continues in that suit.
http://www.chicagotribune.com/business/sns-ap-sprint-nextel-vonage,0,406...

* Vonage Pays Sprint $80M to Settle Patent Dispute
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