Law360, New York (October 08, 2007, 12:00 AM ET) -- Two weeks after a federal jury ruled in favor of Sprint Nextel Corp., Vonage Holding Corp. has decided to throw up the white flag and pay $80 million to end the patent infringement dispute involving the voice-over-packet technology.
On Monday, Vonage revealed that it will pay Sprint $35 million for past use of the patented technology and then another $40 million for future licensing and a $5 million prepayment in a deal that will resolve all claims connected to the Internet-phone calling dispute.
“We are pleased...
Vonage Backs Down In Fight With Sprint
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