2012-10-05 15:31:58 -

Vringo, Inc. (VRNG) announced that they have raised $45 Million as part of a
straight equity deal just two days after a U.S. court ordered defendants Google
Inc. (GOOG), AOL, Inc. (AOL), IAC/InterActiveCorp. (IACI), Target Corporation
(TGT), and Gannett Co., Inc. (GCI) to engage in Settlement Discussions with
Vringo next Tuesday, October 9.

The court denied the defense team's request for a Summary Judgment stating there
were "genuine issues of material fact in dispute".

A settlement may be reached at the Settlement Conference. If not, the trial is
set to begin on October 16.

The substantial money raise is seen mostly as a positive move by Vringo's
management given that the firm is now armed with $55 million in cash, and can
therefore show far greater strength in negotiating a larger settlement
with Google.

If the parties cannot reach a   settlement next week, Vringo is scheduled to meet
Google et al. in court where they will seek a potential multi-billion award.



Content & Media Contact: newseditor@equitybrief.net




This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: Equity Brief via Thomson Reuters ONE
[HUG#1646896]