Judges Reject Apple Bid to Appeal VirnetX Patent Case

Legal cost patent law dollars money hutterstock

The U.S. Court of Appeals for the Federal Circuit rejected Apple's bid to appeal a patent infringement case with VirnetX on Monday (via Reuters). The full court on Monday refused to reconsider the November ruling.

Then in April 2018, a federal court in Texas ordered Apple to pay $502.6 million to VirnetX for violating four patents relating to internet-based communications, which mostly means the underlying technology behind Apple products like FaceTime and iMessage. Over the past three months, VirnetX's stock has dropped 19%, while Apple shares have run up 23% and the Dow Jones Industrial Average has gained 5.9%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. An appeals court whittled the infringing patents to just two.

VirnetX rose 10% to $4.66 at 2:38 p.m.in NY trading, after jumping as much as 18% earlier Monday.

The patent dispute between VirnetX and Apple dates back to 2010 when VirnetX accused Apple's FaceTime function of infringing its intellectual property, and there are multiple lawsuits involved.

The Texas judge in the case must reportedly decide whether to hold a new damages-only trial or to recalculate damages without holding one.

Apple contested the court's findings, and sought a mistrial and a termination to any royalty obligations. Apple is asking the Supreme Court to consider the case, particularly how damages are calculated. Apple contends that it shouldn't be forced to pay royalties on patents that shouldn't have been issued. VirnetX has said that there is no final decision to cancel those patents, so Apple's argument is premature and part of an ongoing effort to avoid paying for the use of another company's inventions.

"We are extremely pleased with the Federal Court's decision to deny Apple's requests for an en banc and panel rehearing", said VirnetX Chief Executive Kendall Larsen.



Latest news

Coronavirus 'super-spreader' Steve Walsh released from hospital
Meanwhile, two prisoners at HMP Bullingdon in Oxfordshire are being tested for the illness and are being held in isolation . The 31-year-old was reportedly brought back to the United Kingdom two weeks ago after being extradited from Thailand.

Apex Legends details the event Valentine's Appointment
As a result, many players have to play games according to the style of play of people they are not accustomed to. Apex Legends , which was very popular at the time of its debut, has lost its popularity for a number of reasons.

Kate Middleton Gets Wrapped Up By Snake & Is Completely Unbothered By It!
A ROYAL couple may be meeting with a Sinn Féin Taoiseach in just three weeks' time. Prince William gets by with a little help from his father Prince Charles .

Mourinho: 'The reality is that I am happy'
Mourinho went on to confirm that he was present in Munich to watch Bayern's 0-0 draw with RB Leipzig in the Bundesliga on Sunday. Chelsea are in the driving seat to finish fourth and I can't see Spurs catching them right now.

The World Health Organization Named The New Coronavirus "COVID-19"
A total of 48,206 cases of COVID-19 are now being treated in Hubei province alone, a lot of them in the city of Wuhan. Passengers on board the ship have been subjected to regular health checks throughout the troubled journey.

Other news