Mobile video application maker Vringo Inc. (AMEX: VRNG) and social networking giant Facebook have settled a dispute between the two companies related to Vringo’s use of the Facetones mark and domain name. According to Vringo’s SEC filing:
The Agreement clarifies Vringo’s permitted use of the Facetones Mark including making certain changes to its U.S. trademark application to clarify the description of the Facetones service and agreeing to certain limitations on its use of the Facetones Mark.
Vringo shares were stopped after rising nearly 12% to $1.74. Shares have returned to earth, now trading at $1.44 in a 52-week range of $0.68-$3.30.
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