Boston Communications Plunges

Boston Communications (BCGI Quote) plunged 56% early Monday after the wireless billing company lost a patent suit.

The Bedford, Mass., company said a jury found it and some co-defendants liable for at least $128 million in damages in a suit brought by Freedom Wireless. Boston Communications called the damage award "unreasonable," Dow Jones reported, and pledged to appeal.

Boston said the entire affair may be its responsibility "since the other defendants have claimed that BCGI is obligated to indemnify them for any damages they incur with respect to any infringement by the Company's technology." ...