Vonage, Verizon Settle
Vonage has agreed to settle its patent suit with Verizon, after a long-lasting court battle that has left the Internet phone company’s future in question. The Wall Street Journal reported that the settlement will either be for $80 million or $117.5 million, depending on the outcome of a still-pending court decision.
The settlement follows a similar one, reached earlier this month, between Vonage and Sprint. However, the company now faces a third telecom lawsuit, this time from AT&T.