A federal jury in Texas has ordered Apple to pay out $ 502.6 million to VirtnetX Holding Corp. , the variety of caller often advert to as apatent troll , in the 8th year of disputatious legal battles between the two company , Bloomberg reportedon Tuesday .
According to Bloomberg , VirnetX ’s stock skyrocketed by 44 per centum on Tuesday after the panel concluded Apple was violate its patents on secure communications applied science . Apple fund was barely affect , if at was all , given the technical school giant roam inhundreds of gazillion of dollarsin revenue a twelvemonth . Per Bloomberg , this court battle has been raging for some fourth dimension , though VirnetX could ultimately stop up seeing little to none of the money :
VirnetX claimed that Apple ’s FaceTime , VPN on Demand and iMessage features infringe four patent of invention link to secure communications , claims that Apple denied .
The dispute has bounced between the dominion court , patent power and Federal Circuit since 2010 . There have been multiple trials , most recently one involving earlier versions of the Apple equipment . A jury in that case awarded $ 302 million that a jurist by and by increased to $ 439.7 million .
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For VirnetX , the panel verdict in its favour could be a dead - lived triumph . The Patent Trial and Appeal Board has say the patents are invalid , in cases that are currently before the U.S. Court of Appeals for the Federal Circuit in Washington .
As Ars Technicadetailed last year , VirnetX is a publically traded company that does offer some products including a “ safe ring mail and messaging organization predict the Gabriel Collaboration Suite , ” thoughSEC filingsshow they derive the entirety of their gross from judgment in patent lawsuits . Perthe Verge , the East Texas district was considered one of the most rich homage organisation to pursue such case , which have a high-pitched hazard of being thrown out elsewhere . But the Supreme Courtruled in 2017that patent holders can no longer just prefer where to file causa , regretful newsworthiness for the Texas city of Marshall , where an astounding 25 percent of all US patent judicial proceeding was file .
VirnetX has previously pulled off this trick before , extracting $ 200 million from Microsoft in 2010 and after $ 23 million for update product , according to Bloomberg .
[ Bloomberg ]
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