Monday, April 23, 2007

Vonage Wins Permanent Stay in Verizon Patent Litigation

The U.S. Court of Appeals for the Federal Circuit in Washington D.C. issued a permanent stay of a previous court's injunction that would have barred Vonage from signing up new customers. Vonage sought the stay following an April 6th decision by the U.S. District Court in Alexandria, Va. enjoining the company from using certain VoIP technology to add new customers.



Vonage said it will continue to serve existing customers by paying into escrow a quarterly royalty of 5.5 percent throughout the appeals process and by posting a $66 million bond as required by the court. The company said it remains confident in the strength of its appeal.
http://www.vonage.com

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