AOL, Vringo Settle Part of Patent Dispute

AOL Inc. agreed to settle part of a patent dispute brought by video-ringtone company Vringo Inc., giving the start-up another potential win in its ongoing lawsuit against some of the biggest names in the technology sector.

Details of the settlement were confidential and Vringo declined to comment.

Vringo last month completed a merger with intellectual-property firm Innovate/Protect, a company that filed a patent suit against AOL, Google Inc., IAC/InterActiveCorp, Gannett Co. and Target Corp. last year. The company acquired eight patents from Lycos and claims two of those patents were infringed.

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