Verizon Vonage Dispute

According to Vonage, Verizon has sued the company alleging patent voilations.

The New York Times says that, "The lawsuit adds a new challenge for Vonage, which has seen its stock price slide precipitously since it went public last month.

Vonage's shares, which were initially sold for $17, fell as low as $8.45 this afternoon, more than 11 percent below Friday's close."

Vonage is accused of voilating atleast seven patents.

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