Vonage acknowledged the lawsuit on the Investor Relations portion of its website:
Vonage Holdings Corp. (NYSE: VG), a leading provider of broadband telephone services announced today that it has been served with a patent infringement lawsuit, along with its wholly owned subsidiary, Vonage America, Inc., filed by Verizon Services Corp. and Verizon Laboratories, Inc. relating to voice over the internet (VoIP) technology.
As a leading developer of VoIP technology, Vonage respects the valid intellectual property rights of others. Vonage believes that its services have been developed with its own proprietary technology and technology licensed from third parties and intends to vigorously defend the lawsuit. Vonage has not previously been notified by Verizon regarding the seven patents identified in the lawsuit and has engaged its outside intellectual property counsel to investigate the matter.
Verizon will have to get in line to sue Vonage, though. Vonage is already facing a patent infringement from Sprint Nextel and a class action suit from shareholders alleging the company misled investors prior to the sale of its IPO.
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