took one off the chin today, as a jury found them guilty
for patent infringement. The suit, brought by Verizon
, alleged that three patents belonging to them relating to VoIP technology were being used by Vonage without permission or without compensation, and they were asking for $197 million in damages and a 19% royalty. While Vonage certainly can't be happy with the verdict, they won't have to shell out quite that much:
A jury ordered Internet phone provider Vonage Holdings Corp. to pay $58 million for infringing on three patents owned by Verizon Communications Inc. Thursday. The eight-member federal jury also said Vonage must pay a 5.5 percent royalty rate on Vonage sales going forward.
Vonage is going to appeal the decision, and claims that the case will not have any impact on their service as a whole.