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Monday, October 22, 2012

$VRNG $ GOOG (Forbes) The Patent Millionaires: Striking It Rich With High Stakes Litigation

$VRNG $ GOOG (Forbes) The Patent Millionaires: Striking It Rich With High Stakes Litigation

Owners of technology patents everywhere are anxiously awaiting the outcome of Vringo’s (VRNG) landmark lawsuit against Google (GOOG). In what has become the idolized Vringo, once a tiny AMEX company with scarcely any press coverage, has emerged as a trailblazer in the high-stakes patent litigation arena. What began one year ago with a nondescript legal filing in the Eastern District Court of Virginia has now transformed into one of the most publicized legal battles of the year, empowered by fiery blog posts by viral content leader James Altucher and an eye-boggling four-fold rally in share price ahead of the court decision.

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