Vonage to Pay $120 Million to Verizon

Vonage Holdings Corp has been ordered to pay $120 million to Verizon Communications Inc. after a U.S. appeals court refused to reconsider the case.Vonage had asked the U.S. Court of Appeals for the Federal Circuit to review its ruling but they denied the request.

“We were not surprised, but disappointed that the court denied our request for a rehearing of the case,'' Vonage spokesman Charlie Sahner said in an e-mailed statement. ``We are pleased to continue putting litigation behind us.''