Vringo, Inc. : VRINGO ANNOUNCES THAT USPTO CONFIRMS VALIDITY OF THE '420
PATENT ASSERTED IN LITIGATION WITH AOL, GOOGLE ET AL.
NEW YORK - July 24, 2013 - Vringo, Inc. (NASDAQ: VRNG), a company engaged in
the innovation, development and monetization of intellectual property and
mobile technologies, today announced that the United States Patent and
Trademark Office has issued a Notice of Intent to Issue Ex Parte Reexamination
Certificate for U.S. Patent No. 6,314,420 ("the '420 Patent").
On May 24, 2012, Google submitted a request to the USPTO for ex parte
reexamination of claims 10, 14, 15, 25, 27 and 28 of the '420 Patent.
Today, the USPTO released a Notice of Intent to Issue Ex Parte Reexamination
Certificate stating that it will issue a certificate confirming the validity
of all claims in the '420 patent challenged by Google in this reexamination.
On November 6, 2012, a jury in U.S. District Court in Norfolk, Virginia ruled
in favor of I/P Engine and against defendants AOL, Inc., Google, Inc., IAC
Search & Media, Inc., Gannett Company, Inc., and Target Corporation
(collectively, "Defendants") with respect to Defendants' infringement of the
asserted claims of U.S. Patent Nos. 6,314,420 and 6,775,664.
After upholding the validity of the patents-in-suit, and determining that the
asserted claims of the patents were infringed by Defendants, the jury found
that reasonable royalty damages should be based on a "running royalty," and
that the running royalty rate should be 3.5%. The jury also awarded I/P
Engine a total of approximately $30.5 million. On November 20, 2012, the
clerk entered the District Court's final judgment.
The U.S. District Court proceedings are pending in the Eastern District of
Virginia, Norfolk Division. The case number is 2:11cv512RAJ. Appellate
proceedings are pending in the United States Court of Appeals for the Federal
Circuit. The docket numbers are 13-1307 and 13-1313. The court dockets for
the foregoing cases are publicly available on the Public Access to Court
Electronic Records website, www.pacer.gov, which is operated by the
Administrative Office of the U.S. Courts.
Documents regarding USPTO proceedings are publicly available on the Patent
Application Information Retrieval website,
http://portal.uspto.gov/pair/PublicPair, which is operated by the USPTO. The
control number for the reexamination that is the subject of this press release
About Vringo, Inc.
Vringo, Inc. is engaged in the innovation, development and monetization of
intellectual property and mobile technologies. Vringo's intellectual property
portfolio consists of over 500 patents and patent applications covering
telecom infrastructure, internet search, and mobile technologies. The patents
and patent applications have been developed internally, and acquired from
third parties. Vringo operates a global platform for the distribution of
mobile social applications and services. For more information, visit:
This press release includes forward-looking statements, which may be
identified by words such as "believes," "expects," "anticipates," "estimates,"
"projects," "intends," "should," "seeks," "future," "continue," or the
negative of such terms, or other comparable terminology. Forward-looking
statements are statements that are not historical facts. Such forward-looking
statements are subject to risks and uncertainties, which could cause actual
results to differ materially from the forward-looking statements contained
herein. Factors that could cause actual results to differ materially include,
but are not limited to: our inability to license and monetize our patents,
including the outcome of the litigation against online search firms and other
companies; our inability to monetize and recoup our investment with respect to
patent assets that we acquire; our inability to develop and introduce new
products and/or develop new intellectual property; new legislation,
regulations or court rulings related to enforcing patents, that could harm our
business and operating results; the inability to realize the potential value
created by the merger with Innovate/Protect for our stockholders; unexpected
trends in the mobile phone and telecom infrastructure industries; our
inability to raise additional capital to fund our combined operations and
business plan; our inability to maintain the listing of our securities on
NASDAQ; the potential lack of market acceptance of our products; potential
competition from other providers and products; our inability to retain key
members of our management team; and other risks and uncertainties and other
factors discussed from time to time in our filings with the Securities and
Exchange Commission ("SEC"), including our annual report on Form 10-K for the
year ended December 31, 2012 filed with the SEC on March 21, 2013. Vringo
expressly disclaims any obligation to publicly update any forward-looking
statements contained herein, whether as a result of new information, future
events or otherwise, except as required by law.
Investors and Media:
Executive Vice President
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The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Vringo, Inc. via Thomson Reuters ONE
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