Vonage shares halted after injunction NEW YORK, March 23 (UPI) -- Vonage stock trading was halted Friday after a U.S. judge permanently prohibited the Internet phone carrier from using Verizon Communications technology.
Vonage Holdings Corp. stock had fallen 25 cents, or 6.2 percent, to $3.80 in afternoon trading on the New York Stock Exchange before trading was halted.
U.S. District Judge Claude Hilton in Alexandria, Va., granted Verizon's request for a permanent injunction prohibiting Vonage from using Verizon's Voice-over-Internet Protocol technologies that let people make calls over the Internet.
Hilton said Verizon would suffer irreparable harm if he allowed continued infringement of the patent. He rejected Vonage's argument the injunction would harm the public interest.
Hilton said he would hold a hearing later Friday on Vonage's request he delay imposing the injunction while it appeals the injunction and a March 8 jury verdict against it.
The jury found Vonage of Holmdel, N.J., had infringed on three patents owned by Verizon of New York and must pay $58 million plus 5 1/2 percent royalties on future sales. Verizon had sought $197 million in damages.
Vonage shares halted after injunction NEW YORK, March 23 (UPI) -- Vonage stock trading was halted Friday after a U.S. judge permanently prohibited the Internet phone carrier from using Verizon Communications technology.
Vonage Holdings Corp. stock had fallen 25 cents, or 6.2 percent, to $3.80 in afternoon trading on the New York Stock Exchange before trading was halted. [...]
After hours trading is now fallen to approx. 3 dollars.
Geez and I was going to buy stock in this company. You mark my words; if Verizon prevails in this suit all voice over ip is at risk. Verizon will own it all until their patent expires.
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum
All times are GMT - 5 Hours
Vonage Service Plans
Vonage VoIP Members
Members New BevatotaxT New Today 7 Yesterday 21 Total 63356 Who Is On Site Visitors 259 Members 0 Total 259
1 Unlimited calling and other services for all residential plans are based on normal residential use by single-family household members. A combination of factors are used to determine abnormal use, including but not limited to: the number of unique numbers called, international calls forwarded, minutes used and other factors. Subject to our Reasonable Use Policy and Terms of Service.
HIGH SPEED INTERNET REQUIRED. † LIMITED TIME OFFER, VALID FOR NEW LINES ONLY. RATES EXCLUDE INTERNET SERVICE, SURCHARGES, FEES AND TAXES. As a subscriber to Vonage service, you agree to be bound by the Terms of Service. See www.vonage.com/tos for details. ¤ Where available. The number transfer process takes approximately 10 business days from the time you confirm your transfer request. Alarms, TTY and other systems may not be compatible. Vonage 911 service operates differently than traditional 911. See www.vonage.com/911 for details.
Thinking of signing up for Vonage but have questions? Business and Residential customers can call Toll Free 24 hours a day at: 1-888-692-8074 No Vonage Promotional Codes or Coupon Codes are required at www.vonage.com.
The Vonage Forum provides the Vonage sign up Best Offer Promotion Deal as a means to offset
our cost. If you are considering signing up for Vonage and have found our Vonage
News, Customer Reviews, Forums & all other parts of this site useful, please
use our Vonage FREE Month sign up offer Deal Coupon.
Vonage VoIP Phone Service is redefining communications by offering consumers & small business VoIP Internet phones, an affordable alternative to traditional phone service.
The Vonage VoIP Forum Generated This Page In: 0.41 Seconds and 487 Pages In The Last 60 Seconds The Vonage VoIP Forum
Members
New 
New Today 7
Yesterday 21
Total 63356
Who Is On Site
Visitors 259
Members 0
Total 259
+0.13