VirnetX (VHC) Tops Apple in Patent Litigation; Awarded $368M
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VirnetX Holding Corporation (VHC: VHC) announced that on November 6, 2012, a Jury in the United States Court for the Eastern District of Texas, Tyler Division, has awarded VirnetX over $368,000,000 in a verdict against Apple Corporation (Nasdaq: AAPL) for infringing four VirnetX patents. The Court will hear the post-trial motions in the upcoming weeks.
"We are extremely pleased with the outcome of our suit with Apple," said Kendall Larsen, VirnetX CEO and President. "This victory further establishes the importance of our patent portfolio."
The patents determined to have been infringed in this case were U.S. Patent Nos. 6,502,135, 7,418,504, 7,921,211 and 7,490,151.
"We are extremely pleased with the outcome of our suit with Apple," said Kendall Larsen, VirnetX CEO and President. "This victory further establishes the importance of our patent portfolio."
The patents determined to have been infringed in this case were U.S. Patent Nos. 6,502,135, 7,418,504, 7,921,211 and 7,490,151.
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