By: Sasha Findlay
Source: http://secfilings.com
Category : Patent Infringement
Verizon Communications (NYSE:VZ) lost another decision yesterday in a patent infringement case they’ve had ongoing with ActiveVideo Networks™ since May 2010. After an injunction on November 23, Verizon was ordered to pay $250 million in interest, royalties, and damages to ActiveVideo for patent infringement on four counts, with the first monthly payment set for December 16.
Verizon yesterday was denied their motion to stay the payments further, with the court stating that it would “serve no legitimate purpose” other than allowing Verizon to continue using the technology without recourse.
Source: http://secfilings.com/News.aspx?title=verizon_continues_to_fight_a_losing_battle_in_patent_infringement&naid=131
Source: http://secfilings.com
Category : Patent Infringement
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| Verizon vs ActiveVideo Networks |
Verizon yesterday was denied their motion to stay the payments further, with the court stating that it would “serve no legitimate purpose” other than allowing Verizon to continue using the technology without recourse.
Source: http://secfilings.com/News.aspx?title=verizon_continues_to_fight_a_losing_battle_in_patent_infringement&naid=131
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