Tag: Vringo

Google infringed patents, must pay 1.36 percent of AdWords revenue

Business
Court :Holding company Vringo used old Lycos patents to wrest a win worth many millions. Vringo is a tiny company that purchased some patents from Lycos, an old search engine, in 2011 and then used those patents to sue Google. In December 2012, Vringo won $30 million in a jury trial, but that was far less than the hundreds of millions it was seeking. Today, Vringo got the payout it was looking for: a 1.36 percent running royalty on US-based revenue from AdWords, Google's flagship program. US District Judge Raymond Jackson had already ruled last week (PDF) that the AdWords program, which was tweaked by Google after the Vringo verdict, wasn't "colorably different" than the old infringing program. He gave Google and Vringo one last session to hammer out a royalty rate, and when they couldn't...