Dallas, Texas 08/19/2014 (FINANCIALSTRENDS) – Vringo, Inc. (NASDAQ:VRNG) the software developer for mobile phones was cresting off the stock markets by the end of trading session on Monday. The prices of the shares of this mobile entertainment content producer spiked, based on some noticeable Insider activity.
Insider activity in turn was due to the fall-out of its lawsuit against Google Inc. (NASDAQ:GOOG) before the appeals court. Earlier, Vringo had claimed that the search-engine giant and ‘wearable internet’ pioneer had filed before the appeals court, directing the court to negate Google’s use of the software.
Two of the company’s insiders – Joseph Spiegel has now bough 30, 000 shares on Friday priced at 40.89 per share. Additionally, Chief Financial Officer Anastasia Nyrkovskaya too has purchased on Monday, over 16,000 shares priced at 40.91 per share.
Analyst Predict Room For En Banc Hearing
Vringo, Inc. (NASDAQ:VRNG) can choose to appeal to higher courts predict analysts watching the play out of the infringement lawsuit.
The analysts claim that for Vringo the fall-back plan would be to request for a en banc hearing. This special appeal requires that all of the judges on the appeals court will have to rule on the suit.
The Reason For En Banc
Vringo, Inc. (NASDAQ:VRNG) analysts claim that the company has an outside chance of seeing positive ruling if it were to seek en banc hearing. The reasons are that of all the judges on the appeals court, one Judge, Justice Raymond Chen had previously dissented from ruling.
Analysts therefore persist that, from the inside Justice Chen would seek out the special en banc hearing while Vringo can bring pressure through further appeal.
The only alternative if the courts do not accept this appeal by Vringo is to approach the Supreme Court to prove that Google Inc., has infringed on certain of its patents.