October 29, 2011 - Verizon has been ordered to post a $145 million bond while it appeals the verdict in its lawsuit with a small tech company.
After a federal jury found that Verizon's FiOS Cable TV system infringed a patent belonging to ActiveVideo Networks Inc. and awarded the small company $115 million, Verizon appealed and requested that the jury verdict be thrown out. U.S. District Judge Raymond A. Jackson granted Verizon's motion to stay the execution of the judgment against it while Verizon appealed the $115M verdict, but then added $24M to the award after finding that Verizon continues to infringe ActiveVideo's patent.
In addition to the growing damages award, ActiveVideo is seeking a permanent injunction to prevent Verizon from infringing the patent in the future. That could prevent Verizon from offering certain interactive services.