Vonage Tab Jumps To $117.5M After Circuit Denial

Law360, New York (November 15, 2007, 12:00 AM EST) -- Vonage Holdings Corp. will owe Verizon Communications an additional $37.5 million after an appellate court on Thursday refused to rehear a patent dispute between the companies.

The U.S. Court of Appeals for the Federal Circuit denied Vonage's petition to rehear the case, triggering a clause in an agreement between the phone companies in which Vonage must pay $117.5 million to settle Vonage's infringement claims over three Internet phone patents. Under the settlement reached last month, if the Federal Circuit had agreed to rehear the case, Verizon's...
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