Equity Briefing: AOL Settles Vringo Patent Suit

According to public filings, AOL has settled on their own Patent infringement suit with Vringo, Inc.(AMEX:VRNG) but still remains a defendant in the Litigation against Google. This validates the strength of the Markman Ruling in Vringo`s primary patent infringement case against Google (BNASDQ:GOOG), AOL, Inc.(NYSE:AOL), IAC/InterActiveCorp. (NASDAQ:IACI), Target Corporation (NYSE:TGT),and Gannett Co., Inc...

According to public filings, AOL has settled on their own Patent infringement suit with Vringo, Inc.(AMEX:VRNG) but still remains a defendant in the Litigation against Google.

This validates the strength of the Markman Ruling in Vringo`s primary patent infringement case against Google (BNASDQ:GOOG), AOL, Inc.(NYSE:AOL), IAC/InterActiveCorp. (NASDAQ:IACI), Target Corporation (NYSE:TGT),and Gannett Co., Inc. (NYSE:GCI) in the Eastern District of Virginia, these asserted patents cover the ranking of Google`s advertising search results based on content relevance and click-through rates. This strikes at the core of Google`s revenues according to the complaint filed.

Now that the merger is complete, expert damages reports are expected to be filed with the court any day.

According to several publications, a settlement in favor of Vringo could be worth hundreds of millions of dollars in while a win could top over into the billions of dollars, but investors will have to wait until October 16, 2012 when Vringo is scheduled to go to trial on the larger case.

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