A Blurb About Vonage and Verizon
We all remember the 2007 patent infringement lawsuit between Vonage and Verizon. Verizon raised the suit against Vonage over an issue of 7 patents and the court ruling was harsh, even preventing Vonage from signing up new customers. An appeal from Vonage to this decision greatly reduced the severity of this ruling and got Vonage rolling again.
Earlier this week, it was reported that Vonage asked a federal appeals court for a reconsideration of the ruling which upheld most of the charges of patent infringment. This means that another settlement is possible.
It was a tough year for Vonage in 2007, most of it being spent in the courtroom. In 2008 they have been wise in the fact that they have made smart finacing decisions and are still trying to get rid of some of the lawsuit debt.