|
|
Article: Vonage Wins Stay, Launches PR Counterattack.
- Article from:
- TWICE
- Article date:
- May 7, 2007
CopyrightCOPYRIGHT 2007 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
By Greg Scoblete
WASHINGTON - VoIP provider Vonage was afforded a measure of breathing room as a Court of Appeals judge granted the company a permanent stay of a previous court's injunction that would have barred Vonage from signing up new customers.
The Federal Circuit court ruling allows Vonage to continue to sign up new customers while it battles Verizon in the courts.
"It's business as usual for us," said Vonage chairman and interim CEO Jeffrey Citron in a statement addressing the verdict. Citron also thanked the court "for its thoughtful consideration of the merits of our case."
Vonage noted that it would pay into escrow a quarterly royalty of 5.5 ...