Tuesday, April 17, 2007

Vonage Says That It May Face Bankruptcy

A Reuters newswire article, via The New York Times, reports that:

The Internet phone service provider Vonage Holdings, which a federal court found had infringed on three patents owned by Verizon Communications, said its legal woes could lead to bankruptcy, according to a regulatory filing.

The filing yesterday with the Securities and Exchange Commission also detailed other risks from continuing litigation. They include the possible interruption of service, an inability to repay its debt and a decline in its stock that could lead to the delisting from the New York Stock Exchange.

More here.


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