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Why Vringo (VRNG) Stock Is UpToday

Stocks in this article: VRNGGOOGL

NEW YORK (TheStreet) -- Vringo (VRNG) was gaining 7.7% to $3.52 Tuesday following a Seeking Alpha blog post saying a recent Supreme Court ruling could benefit the company.

According to the blog, in Petrella v. Metro-Goldwyn-Mayer, Inc. the Supreme Court ruled that the defense of laches can't be used in place of USC Code that established the limitations of when a case could be brought for copyright infringement." Vringo is currently involved in a legal dispute with Google (GOOG), and the U.S. Court of Appeals will soon make a decision on overturning the district court's "Laches ruling." With the Supreme Court ruling, Seeking Alpha argues, Vringo may have a stronger case against Google.

Must read: Warren Buffett's 25 Favorite Stocks

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VRNG Chart

VRNG data by YCharts

"Vringo, Inc. (Vringo) is a development-stage company. The Company is engaged in developing software for mobile phones. It provides a platform, which allows users to create, download and share mobile entertainment content in the form of video ringtones for mobile phones. Vringo's product consists of four components, such as The Vringo Mobile Application, The Vringo WAP Site, The Vringo Website and The Vringo Studio. Vringo (Israel) Ltd. is its wholly owned subsidiary. In July 2012, it merged with Innovate/Protect, Inc. The Company's VringForward technology enables users to share video ringtones with friends. Its Vringo Mobile Application includes gallery-based content browsing of video ringtones. In August 2012, Nokia Oyj sold a portfolio consisting of over 500 patents and patent applications worldwide to Vringo."

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

 

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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