apple: Apple fails to overturn VirnetX patent verdict, could owe around $1.1 billion – Hottest News

A federal decide denied Apple Inc’s bid to established apart or reduce a $502.8 million patent infringement verdict favoring VirnetX Keeping Corp, and awarded desire and royalties that could enhance Apple’s complete payout in two lawsuits over $1.1 billion.

In a conclusion issued, U.S. District Decide Robert Schroeder in Tyler, Texas turned down Apple’s ask for for a new trial and various other promises.

These integrated that VirnetX’s award really should not exceed $113.7 million, and that jurors really should have been informed the U.S. Patent and Trademark Office environment had deemed VirnetX’s claims “unpatentable.”

Jurors in Oct uncovered that Apple infringed two VirnetX patents linked to secure networks, recognised as virtual private networks, to which entrepreneurs of various iPhones and iPads might hook up.

Schroeder also awarded royalties of 84 cents for each device for future infringements, mirroring the fee set by the jury. Apple had stated upcoming royalties should be zero, or else no more than 19 cents for every unit.

Apple and VirnetX did not right away answer to requests for remark.

In afternoon trading, VirnetX shares have been up 54 cents, or 10.8%, at $5.63.

Apple, based in Cupertino, California, and VirnetX, primarily based in Zephyr Cove, Nevada, have battled in patent litigation for additional than a ten years.

Last March, Apple paid VirnetX $454 million soon after the U.S. Supreme Court refused to hear the Iphone maker’s appeal in an previously patent scenario.

In a Dec. 18 court docket filing, Apple explained the most current award could boost its payout in both circumstances to $1.116 billion.

The scenario is VirnetX Inc v. Apple Inc, U.S. District Court, Jap District of Texas, No. 12-00855.

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