Vringo Inc. pulled off a trial win in its highly publicized patent infringement case against Google Inc. on Tuesday. And though the verdict may not vindicate all the hype, Vringo’s lawyers at Dickstein Shapiro have plenty to celebrate for prevailing over Google’s go-to IP litigators at Quinn Emanuel Urquhart & Sullivan.
A federal jury in Norfolk, Va., concluded Tuesday that Google and four co-defendants infringe on Vringo’s patents for a process of generating ads based on internet search terms, awarding a combined $30 million in damages for past infringement. More importantly, the jury also found that Google should pay a running royalty to Vringo for future infringement until its patents expire in 2016. According to Vringo’s lead counsel, Dickstein’s Jeffrey Sherwood, the future royalties could net Vringo between $25-30 million each fiscal quarter. (For what it’s worth, one patent law professor following the case pegged Vringo’s haul from future royalties at roughly $30 million per year.)
