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| VG > SEC Filings for VG > Form 8-K on 18-Dec-2008 | All Recent SEC Filings |
18-Dec-2008
Other Events
Today Vonage Holdings Corp. ("Vonage") is filing Amendment No. 1 to its Registration Statement on Form S-3. The Registration Statement is a result of Vonage's recent refinancing of its debt, which defers the maturity of its debt to 2013 and 2015 and thereby allows Vonage to focus on its core business operations. The Registration Statement covers resales of common stock by investors in the recent refinancing. In connection with filing the Registration Statement, Vonage is disclosing the recent events described below.
On November 4, 2008, Vonage received a letter from Alcatel-Lucent initiating an opportunity for Vonage to obtain a non-exclusive patent license to certain of its patents that may be relevant to Vonage's business. Vonage is currently analyzing the applicability of such patents to its business. If Vonage determines that these patents are applicable to its business and valid, it may incur expense in licensing them. If Vonage determines that these patents are not applicable to its business or invalid, it may incur expense and damages if there is litigation. This could have a material adverse effect on Vonage.
In addition, on December 5, 2008, Centre One filed a lawsuit against Vonage and its subsidiary Vonage America Inc. in the United States District Court for the Eastern District of Texas alleging that some of Vonage's products and services are covered by a patent held by Centre One (United States Patent No. 7,068,668) entitled "Method and Apparatus for Interfacing a Public Switched Telephone Network and an Internet Protocol Network for Multi-Media Communication". The suit also named Verizon Communications Inc. and deltathree Inc. as defendants. Vonage believes Centre One is a firm owned by a sole inventor. Vonage is currently reviewing the validity of the Centre One patent and whether any of Vonage's products and services are covered by it. Vonage cannot predict with any degree of certainty the outcome of the suit or determine the extent of any potential liability or damages.
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