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Stock Market & Financial Investment News

News Breaks
January 29, 2014
11:18 EDTVRNGVringo price target raised to $7 from $5 at Maxim
Maxim raised its price target for Vringo shares to $7 after the company received a 6.5% royalty rate from Judge Jackson, above the previous 3.5% rate.. The firm upped its net estimate of Google (GOOG) damages to $510M from $400M to reflect the new rate and keeps a Buy rating on Vringo.
News For VRNG From The Last 14 Days
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November 25, 2015
14:02 EDTVRNGVringo announces 1-for-10 reverse stock split
Vringo announced the that effective at 5:00 pm, Eastern Time, on November 27, the company will effect a one-for-ten reverse stock split of its outstanding common stock. The company's common stock will open for trading on The NASDAQ Capital Market on November 30 on a post-split basis.
November 18, 2015
08:50 EDTVRNGVringo announces Brazil court upholds preliminary injunction against ZTE
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November 12, 2015
08:10 EDTVRNGVringo announces favorable rulings in Romania, China
Vringo announced that it has received favorable rulings in litigation against ZTE in Romania and China. In Romania, on November 11, the Bucharest First District Court rejected ZTE Romania's challenge to the enforcement of the preliminary injunction that has been in place against ZTE Romania since June 30, 2014. ZTE Romania has previously lost all rights to appeal the preliminary injunction itself. This marks the thirteenth time that a Romanian court has stricken down a challenge by ZTE Romania to the preliminary injunction or to the enforcement thereof. In China, the Patent Re-Examination Board of the State Intellectual Property Office of the People's Republic of China has upheld the validity of two of Vringo's Chinese patents, each for the second time.

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