Apple's (AAPL) FaceTime, iMessage Infringe VirnetX (VHC) Patents - Bloomberg, Citing Jury Verdict
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Apple's (Nasdaq: AAPL) FaceTime and iMessage infringe VirnetX Holding (NYSE: VHC) patents, according to Bloomberg, citing a jury verdict today.
Apple will pay $625.6 million in damages. Of the total figure, $334.9 million will cover royalties on older versions of Apple's VPN on Demand, which allows for remote connection.
On other infringements, including FaceTime and iMessage, Apple will pay $290.7 million.
Shares of VirnetX are ripping in late trading.
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