Vonage, Nortel agree in principal to settle patent litigation |
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Published
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Mon, 31 Dec 2007 15:15
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NEW YORK (Thomson Financial) - Vonage Holdings Corp. and Nortel Networks Corp. Monday agreed in principle to end the litigation pending between them.The proposed settlement includes a limited cross license to three Nortel and three Vonage patents and wouldn't require any monetary payments by either party.Claims relating to past damages and remaining patents would be dismissed without prejudice.Vonage is a Holmdel, N.J.-based provider of broadband voice-over-Internet protocol services to residential and small home office customers. Its stock closed Friday at $2.Shares of Nortel, the Toronto-based network services company closed Friday at $15.24.Melinda Peermp/pcCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Nortel files lawsuit against Vonage 