Apple loses patent retrial to VirnetX, owes $302.4 million

Apple loses patent retrial to VirnetX, owes $302.4 million
 

A federal jury in Texas on Friday night ordered Apple Inc (AAPL.O) to pay more than $302 million (232.68 million pounds) in damages for using VirnetX Holding Corp's patented internet security technology without permission in features including its FaceTime video conferencing application.
The verdict came in a new trial in Tyler, Texas that had been ordered by the judge in the case, Robert Schroeder, who last August threw out VirnetX's $625.6 million win over Apple from a previous trial because he said jurors in that case may have been confused.
VirnetX and Apple have been fighting over... read more

 
1 October 2016 in Business, Views: 29
Source: Reuters
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