IP Law News

VirnetX Surges After $502.6 Million Trial Win Against Apple (1)

April 11, 2018, 4:51 PM

VirnetX Holding Corp. surged after a federal jury said Apple Inc. owes it $502.6 million for infringing patents for secure communications, bringing its potential take from the iPhone maker to close to $1 billion.

VirnetX rose 12 percent to $4.58 after earlier trading as high as $5.10 in New York. The stock was up 90 percent before April 11 as investors bet a firm with less than $2 million in annual sales could eventually get a big payout from the world’s most valuable company. A second phase before the same jury will determine whether the infringement was willful, which could...

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