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VirnetX +28.1% on Apple patent victory
12 April 2018, 07:06 | Darrell Baldwin
Apple Owes VirnetX $502M for Patent Infringements
According to Bloomberg, which earlier reported on the verdict, VirnetX is entitled to $502.6 million in damages for the alleged infringement. Bloombergreports that a grand jury found Apple guilty of infringing on patents related to secure communications. The case isn't dead yet though, the United States legal system has plenty of room for additional appeals and Apple is exploring those options already.
For now, Apple's lawyers aren't commenting and VirnetX is celebrating a victory.
VirnetX originally sought damages pursuant with "cumulative product sales" of Apple's iPhone 5, fourth-generation iPad, Mac computers running OS X Mountain Lion and other devices boasting the company's bundled FaceTime, iMessage, and VPN software. "Tell the truth and you don't have to worry about anything".
Meanwhile, back in 2016, the U.S. Patent & Trademark Office's (USPTO's) Patent Trial and Appeals Board (PTAB) moved to invalidate four of VirnetX patents - two of which were apparently leveraged in the latest case, resulting in this week's judgment. Apple has been targeted by this twice over the last several years.
The legal battle started in 2010 and had bounced between courts and trials.
KitGuru Says: We have seen Apple on the opposite end of this in the past, with the case against Samsung being the most prolific example.
A few months later, a federal jury in Texas ordered Apple to pay up again, but this time in total amount of $302.4 million. The court ruled in the favor of VirnetX and has ordered Apple to pay more than United States dollars 500 million as compensation to the patent-assertion organization.
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