Today, the U.S. Court of Appeals for the Federal Circuit has said it has denied Vonage's appeal to rehear its patent infringement dispute with Verizon.As you see from the grab off the Court's rulings page: (I'd link but link changes daily) the opinion was only one word in length. The word: Denied." As a result, and in compliance with negotiated terms, Vonage will have to pay Verizon $117.5 million to make the matter go away. If Vonage had won the appeal, their tab would only have been $80 million. I've just checked Vonage's stock price, and it appears their investors don't seem either shocked nor awed. Stock is trading at $2.18, only four cents lower than at the close of yesterday's business.