Internet phone company Vonage Holdings Corp. on Oct. 8 took a step back from the brink, saying it has settled for $80 million a patent suit filed by Sprint Nextel Corp. 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. The settlement agreement resolves all claims in the dispute, the companies said.
October 08, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Internet phone company Vonage Holdings Corp. on Oct. 8 took a step back from the brink, saying it has settled for $80 million a patent suit filed by Sprint Nextel Corp.
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.
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