Courtesy of Benzinga.
Verizon Communications (NYSE: VZ) yesterday lost decision in United States District Court in the ongoing patent infringement case that was brought against the company by ActiveVideo Networks™.
Judge Raymond A. Jackson, United States District Court Judge for the Eastern District of Virginia, denied a motion by Verizon seeking to stay the monthly royalty payments imposed by a November 23 court injunction, and directed Verizon to make the first monthly payment on December 16, as indicated by the injunction.
In four separate decisions, Verizon has been found liable for up to $250 million in damages, supplemental damages, interest and royalties for its infringement of ActiveVideo intellectual property. The November 23 injunction ordered Verizon to make the first of monthly sunset royalty payments of $2.74 per subscriber per month by December 16. In addition, the injunction issued on November 23 ordered Verizon to terminate FiOS Video-on-Demand service on May 23, 2012, if it cannot offer the service without unlawfully using ActiveVideo technology.
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