Judge refuses summary judgement
Mobile phone software maker Vringo has won its first round in a patent war against Google.
Yesterday a judge denied Google a motion for summary judgement in a patent dispute which means that it will have to go to court. Google was sued by Innovate/Protect Inc, which was acquired by Vringo. Vringo is seeking an award of at least $696 million from Google, financial website iStockAnalyst reported.
U.S. District Judge Raymond Jackson said that having carefully reviewed the parties' pleadings, the court finds that summary judgement is inappropriate at this time as there are genuine issues of material fact in dispute. AOL has settled a part of its dispute with Vringo in August.
Shares of the company, which has a market value of about $180 million, were up 35 percent at $4.19 on Wednesday afternoon on the American Stock Exchange. The stock has more than doubled in the last year.