Monday, April 23, 2007

Vonage, Facing Bankruptcy on Patent Case, Asks Appeals Court for Reprieve

(Bloomberg) -- Vonage Holdings Corp., ordered to stop adding customers after it lost a patent ruling, may get a reprieve allowing the Internet phone company to conduct business as usual while it appeals the decision.

Vonage will ask a court in Washington tomorrow to extend a temporary freeze of a lower court order that bars it from winning new business during the appeal. A judge issued the ruling on March 23, after Vonage was found to have infringed call-connection technology owned by Verizon Communications Inc.


Read more at Bloomberg Exclusive News

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