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ZEPHYR COVE, Nev., Jan. 15, 2021 /PRNewswire/ VirnetX™ Holding Corporation (NYSE: VHC)(the Company ), an Internet security software and technology company, announced today that the United States District Court for the Eastern District of Texas, Tyler Division (the District Court ), entered a Final Judgment and issued its Memorandum Opinion and Order ( Order ) regarding post-trial motions resulting from the prior $502.8 million jury verdict ( Verdict ) for VirnetX in the ongoing patent infringement action between VirnetX Inc. ( VirnetX ) and Apple Inc. ( Apple ).
In the Order, the District Court affirmed the jury s verdict of $502.8 million and granted VirnetX s motions for pre-trial and post-trial interest, supplemental damages, costs, and ongoing royalty of a rate set at $0.84 per infringing iPhone, iPad and Mac products.
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
A federal judge denied Apple Inc's bid to set aside or reduce a $502.8 million patent infringement verdict favoring VirnetX Holding Corp, and awarded interest and royalties that could boost Apple's total payout in two lawsuits above $1.1 billion.
Apple seeks to cut VirnetX patent loss that could top US$1B
Laurel Brubaker Calkins and Christopher Yasiejko, Bloomberg News The Apple Inc logo at a store in San Francisco, California, U.S., on Friday, Oct. 23, 2020. The iPhone 12 and iPhone 12 Pro went on sale in stores, but with individual shopping sessions replacing the famous lines and crowds around locations. Photographer: David Paul Morris/Bloomberg , Bloomberg
Apple Inc. said its financial penalty for infringing VirnetX Holdings Corp. patents could swell to more than US$1 billion if a federal judge in Texas grants requests for additional interest and royalty payments on top of what juries in two separate cases have ordered the iPhone maker to pay.