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SA, Giles: Supreme Court Decision Hammers Vringo Stock, All Eyes Now On ZTE Justin Giles, Stocktwits (235 clicks) Tech, growth, portfolio strategy, momentum SummarySCOTUS strikes down Vringo's Writ Of Certiorari and what this means going forward. After a long fight against Google, investors now turn all of their attention to ZTE. Why I believe the selloff was overblown, why I'm still holding my shares and why I'm looking to double down on my position. * Disclosure: I've been covering Vringo on Seeking Alpha for a number of years now (you can see my articles here), and still believe the reward outweighs the risk after Monday's reaction from investors. It was a rough day for Vringo (NASDAQ:VRNG) shareholders Monday morning after learning that the company's Writ of Certiorari was denied by the Supreme Court of The United States. Despite winning a jury trial, a district court ruling and numerous re-examinations attempts by Google (NASDAQ:GOOG) (NASDAQ:GOOGL) from the U.S. Patent & Trademark Office, Vringo received an adverse split-decision (2-1) earlier this year at the Court of Appeals for the Federal Circuit. The Writ of Certiorari was Vringo's latest attempt to overturn the injustice from the CAFC, who chose blindly to ignore an indisputably jury verdict. |
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