Bloomberg Law
April 11, 2018, 10:50 AM UTC

Apple Must Pay $502.6 Million to VirnetX, Federal Jury Rules

• Jury in Texas says Apple infringed four communications patents • Latest twist in long-running dispute involving Apple devices

VirnetX Holding Corp. won $502.6 million against Apple Inc. after a federal jury in Texas said the maker of iPhones was infringing patents for secure communications, the latest twist in a dispute now in its eighth year.

VirnetX’s stock rose as much as 44 percent on the news in after hours trading. The company closed at $4.10 per share on Tuesday.

Apple’s stock has seen little change on the news given that the $502.6 million award is minuscule compared to the ...

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