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Here's How Much Vringo Court Win Will Cost Google
This column highlights the most interesting and useful news and commentary on Google every week. “Vringo’s Court Win Suggests Running Royalties May Yield $500-$600 Million” On Tuesday Vringo (NYSEAMEX:VRNG) won a court case against Google (NASDAQ:GOOG) which ‘validated’ Vringo’s ownership of the Internet search filtering patents 420 and 664. Vringo was awarded a $32 million payout for damages from past defendants who in addition to Google include AOL (NYSE:AOL) Target (NYSE:TGT) Gannett (NYSE:GCI) and IAC/Interactive (NASDAQ:IACI). However recent reports point to this payout being much higher in the range of $125 million to $150 million per a year for five ...
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