Vonage Loses Patent Infringment Case to Verizon

The final decision made by a federal judge stated that Vonage Holdings Corp. must pay out $58 million in damages to Verizon along with 5.5% future revenues royalty for any continuing infringements, according to a press release. The decision came from the U.S. District Court of the Eastern District of Virginia, filing the infringements of three of the five patents under consideration.

This is a huge hit to Vonage but is hardly the only one. Their subscriber numbers are dropping drastically as well, with a ~40% drop since last year. This comes as a surprise to me, because I cannot turn on a TV without seeing one of their commercials. They are a few of the most annoying out there, so that can’t help.

Source: Daily Tech