Owners of technology patents everywhere are anxiously awaiting the outcome of Vringo’s (VRNG) landmark lawsuit against Google (GOOG). In what has become the idolized Vringo, once a tiny AMEX company with scarcely any press coverage, has emerged as a trailblazer in the high-stakes patent litigation arena. What began one year ago with a nondescript legal filing in the Eastern District Court of Virginia has now transformed into one of the most publicized legal battles of the year, empowered by fiery blog posts by viral content leader James Altucher and an eye-boggling four-fold rally in share price ahead of the court decision.
Within days, members of the Virginian jury will decide whether Google has infringed on Vringo’s search engine patents. More importantly, the jury will set the tone for a nascent business sector that is generating hundreds of millions of dollars from patent assertion. Names like VirnetX (VHC), Acacia Research (ACTG) and Document Security Systems (DSS) have found renewed investor interest due to the high-profile progression of Vringo’s lawsuit against Google. Through patent litigation, a new business paradigm has emerged.