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VRNG > SEC Filings for VRNG > Form 8-K on 30-May-2013All Recent SEC Filings

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Form 8-K for VRINGO INC


Other Events, Financial Statements and Exhibits

Item 8.01 Other Events.

On May 30, 2013, Vringo, Inc. (the "Company") issued a press release announcing that its wholly-owned subsidiary I/P Engine, Inc. ("I/P Engine") has entered into a Settlement and License Agreement with Microsoft Corporation ("Microsoft") to resolve patent litigation that was pending in the U.S. District Court for the Southern District of New York (I/P Engine, Inc. v. Microsoft Corporation, Case No. 1:13-cv-00688 (SDNY)). Pursuant to the Settlement and License Agreement, Microsoft agreed to pay I/P Engine $1 million within fifteen (15) business days, plus five percent (5%) of any amounts Google pays for use of the patents I/P Engine acquired from Lycos. The parties also agreed to a limitation on Microsoft's total liability, which would not impact the Company unless the amounts received from Google substantially exceed the judgment previously awarded. In addition, the companies entered into a Patent Assignment Agreement, pursuant to which Microsoft will assign six patents to I/P Engine. The assigned patents relate to telecommunications, data management, and other technology areas.

A copy of the press release announcing the entry into the Settlement Agreement is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number                         Description of Exhibits
99.1             Press Release, dated May 30, 2013, announcing the entry into a
                 Settlement and License Agreement with Microsoft Corporation

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