Shares Of Vringo Tumble; Company Loses Appeals Court Ruling

Shares of Vringo (NASDAQ: VRNG) were briefly halted late Friday morning on a circuit breaker after a nearly 11 percent decline.

At 11:02:37 a.m., the trading halt code on Vringo was changed from circuit breaker to “T1” or “Trading is halted pending the release of material news.”

The federal appeals court handling Vringo's suit against Google was ruled against Vringo's favor.

Click here to see the filing in full.

Shares last traded before the T1 halt at $2.81, down 10.79 percent.