Signal to Noise

Via an e-mailed news report from an uncited source:

Judge to Issue Injunction Against Vonage Over Patent Dispute With Verizon

A federal judge today said he would issue a permanent injunction against Vonage Holdings Corp., barring the Internet calling start-up from using patented technology owned by Verizon Communications Inc. The judge delayed signing the order for two weeks during which he will consider Vonage’s request to stay the injunction. A hearing is scheduled for Friday, April 6, to hear arguments on staying the injunction. Vonage shares plunged to a lifetime low of $3, down 26% from the closing price the previous day, in trading on the New York Stock Exchange. Trading in the shares was briefly halted while the company issued a statement regarding the injunction.