Apple Ordered To Pay $502.6 Mln To VirnetX In Patent Fight
Apple Ordered To Pay $502.6 Mln To VirnetX In Patent Fight
VirnetX shares surge as jury says Apple infringed patents: report
12 April, 2018, 07:02
Bloombergreports that that the jury reported that found Apple to be infringing upon four patents related to secure communications. Currently, both the firms have locked horns and are in a legal battle since 2010. As a result, Apple has been ordered to pay damages to the tune of $502.6 million.
One of the main reasons why VirnetX has been successful this time around is because it filed the lawsuit in Eastern Texas, which is a region that's notorious for ruling in favor of patent trolls.
If this feels familiar, it's because we've been here before, and Apple isn't VirnetX's only target. The case seemed to have been filed again in 2012 and was won by the patent troll, after which Apple had to pay almost Dollars 368 million. The case isn't dead yet though, the U.S. legal system has plenty of room for additional appeals and Apple is exploring those options already.
"The evidence was clear", VirnetX chief Kendall Larsen said after the court's decision was announced.
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VirnetX is based in Zephyr Cove, Nevada, and it filed its suit in patent troll-friendly East Texas, a district where patent holders have had a higher chance of success in intellectual property cases until the Supreme Court cracked down on the practice previous year.
VirnetX, who has neither created nor marketed a single tangible product, is now in the process of appealing the aforementioned PTAB ruling, implying that though they were previously invalidated, the firm's patents still remain valid in the eyes of the court until further notice.
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