QuoteInternet phone company Vonage Holdings Corp. took a step back from the brink Monday, 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. Monday's settlement resolves all claims in the dispute, the companies said. Sprint agreed to license Vonage its portfolio of more than 100 patents on connecting calls between a regular telephone network and a packet-switched network such as the Internet.
QuoteA federal judge today issued an injunction that would bar Internet phone company Vonage from signing up additional customers as punishment for infringing on patents held by Verizon Communications.
Vonage, of Holmdel, planned an immediate appeal.