Friday, 17 August, 2018

VirnetX +28.1% on Apple patent victory

Apple forced to pay troll Apple (AAPL): What's in Store for the Stock?
Sandy Mccarthy | 12 April, 2018, 00:43

A federal court in Texas has ordered Apple to pay $502.6 million United States dollars to VirnetX Holding Corp over a patent dispute that has been reportedly going on for eight years.

Apple and VirnetX have been fighting in court since 2010, when the patent-holding company said the iPhone maker infringed on four of its patents related to internet-based communications. Apple will likely not give in a pay up, so the battle will likely not end here.

Apple has lost in caught to VirnetX once again.

Reports claim that the legal battle between Apple includes many legal suits and a myriad number of appeals. Apple emerged victorious over Samsung after it took the South Korean consumer tech giant to court for stealing its designs and technologies, but the company got a taste of its own medicine this week. Last we heard of the fight was in October 2017, when Apple was ordered to pay $439.7 million, a ruling the company then appealed.

Cardi B admits she 'kinda, sorta' considered an abortion
At the end of her MTV Music Awards performance, the singer unbuttoned her jacket and rubbed her belly while laughing and grinning. The musical templates of singles " Bodak Yellow " and " Bartier Cardi " pretty much fill up the rest of the album.

In a statement to Bloomberg, VirnetX CEO Kendall Larsen called the damages amount "fair".

Presently, Apple had once again chose to challenge the judgement of the US district court in the Federal Court of Texas. It doesn't seem certain the company will ever see that $502.6 million payout, though.

For VirnetX, the jury verdict in its favor could be a short-lived victory. VirnetX shares rallied 41% after hours, following a gain of 2.5% to close at $4.10 in the regular session. But it has been speculated that the decision is likely to be scrapped as the Patent Trial & Appeal Board has claimed the patents under investigation to be invalid.

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