Friday, March 23, 2007

Judge Issues Injunction Against Vonage

Vonage Holdings Corp. (VG) was ordered by a federal judge to halt its use of Verizon Communication Inc.'s (VZ) patented technology. Shares of Vonage plummeted $1.05 to close at $3.00 while Verizon stock edged up 11 cents to close at $38.12.

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