Verizon Calls Vonage On Patents

Things just go from bad to worse for Vonage. On top of a tanked initial public offering (IPO) and a class action shareholder lawsuit, Verizon has filed a patent infringement lawsuit against the voice-over-internet protocol (VoIP) company in a Virginia federal court. here. ZDNet blogger Russell Shaw gives a brief breakdown class action suit from shareholders alleging the company misled investors prior to the sale of its IPO. Shares in Vonage debuted at $17.25 before the market informed them they were overpriced, dropping the price per share 30 percent in the first week. As of 5:13 PM today,