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Tuesday, November 13, 2012

Google infringes old Lycos patents, must pay $30 million | Ars Technica

Google infringes old Lycos patents, must pay $30 million | Ars Technica: "That obviously isn't going to happen. In the middle of trial, US District Judge Raymond Jackson issued a ruling that foreclosed the most heated of those billion-dollar dreams, putting a strict cap on Vringo's ultimate payday. He limited the company to receiving damages only from the day it had filed the lawsuit in 2011. Originally, Vringo had wanted damages back to 2005. The stock price hit a nadir of $1.91 per share on the afternoon of October 31, shortly after Jackson's ruling. (It rebounded to around $4 per share after the jury deliberations dragged on to a third day.)"

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