VirnetX shares surge as jury says Apple infringed patents

An Apple iPhone

This seems like a massive victory for VirnetX, and indeed it would be if Apple is ultimately forced to pay even a portion of the damages awarded in the case.

VirnetX Holding Corporation-a Nevada company that many would dub a "patent troll" as it has no meaningful source of income outside of patent litigation-has won a $502.6 million judgement against Apple in a legal case that has dragged on since 2012. Bloomberg reports that a grand jury found Apple guilty of infringing on patents related to secure communications. Currently, both the firms have locked horns and are in a legal battle since 2010.

Bruce McArthur expected to be charged with seventh murder today
Bruce McArthur, directly, Is Currently facing a murder charge in relation to the departure of Abdulbasir Faizi, left. Police are also waiting for warmer weather to investigate other properties associated with McArthur, Idsinga said.

VirnetX is a patent-assertion entity, meaning its entire business model rests exclusively on suing companies that actually develop and sell products based on arcane patent infringement laws and loose interpretations of intellectual property regulations. Apple will likely not give in a pay up, so the battle will likely not end here. It isn't the first time a ruling in the case has gone against Apple. Courts have sided with VirnetX in the past and previously awarded the company $302 million.

"The Patent Trial and Appeal Board has said the patents are invalid, in cases that are now before the US Court of Appeals for the Federal Circuit in Washington, "Bloomberg reported".

Bayer reaches deal with US for approval to buy Monsanto
It dropped, as 61 investors sold UAL shares while 193 reduced holdings. 44 funds opened positions while 49 raised stakes. News coverage about Monsanto (NYSE:MON) has trended somewhat positive recently, according to Accern Sentiment.

In 2017 however, Apple filed an appeal against the USA district court verdict, though it lost the case.

In a statement to Bloomberg, VirnetX CEO Kendall Larsen called the damages amount "fair". But it has been speculated that the decision is likely to be scrapped as the Patent Trial & Appeal Board has claimed the patents under investigation to be invalid.

Bill Cosby paid accuser $3.4M to settle sexual assault trial
Protesters stand outside Montgomery County Courthouse on the first day of Bill Cosby's sexual assault retrial on Monday. Judge Steven O'Neill is questioning the woman in his chambers Monday ahead of opening statements in the retrial .

Related news:

Hot News

isis-killer-beheading-video-story-top Arizona rules colleges can't offer in-state tuition to DACA recipients
Apr 12, 2018 - 00:46
President Donald Trump has tweeted about DACA frequently after announcing a year ago he would end the program. DACA recipients in Arizona will now face a tougher time being able to finance their college education.

isis-killer-beheading-video-story-top Attack on Syrian air base kills 14
Apr 12, 2018 - 00:46
The central bank boss and President Hassan Rowhani have both been criticised for the slide in the currency, which comes as U.S. Some had bluish skin, a sign of oxygen deprivation, according to a statement, symptoms consistent with chemical exposure.

isis-killer-beheading-video-story-top Bayern Munich vs. Sevilla live stream
Apr 12, 2018 - 00:44
They aren't relying on Arjen Robben or Franck Ribery being brilliant, Kingsley Coman has had a very good season. Champions League - Follow the Football match between FC Bayern Munich and Sevilla FC live with Eurosport.

isis-killer-beheading-video-story-top CBO: 2018 budget deficit to reach $804B
Apr 12, 2018 - 00:41
Van Hollen also expressed worry that Republicans will use this news to cut into entitlement programs like Social Security. Real growth in gross domestic product, which past year was projected to be 2 percent in 2018, will now reach 3.3 percent.

isis-killer-beheading-video-story-top Investors Sell Tesla (TSLA) on Strength After Insider Selling
Apr 11, 2018 - 17:02
Apg Asset Mgmt Nv holds 213,861 shs. 1,000 shares valued at $330,056 were sold by FIELD JOHN DOUGLAS on Thursday, February 15. In other news, VP Eric Branderiz sold 801 shares of the business's stock in a transaction dated Wednesday, January 24th.

isis-killer-beheading-video-story-top Woman stabs husband to death over food in Omoro
Apr 11, 2018 - 17:00
The lawyer representing the victims says the compensation is not enough. "I won the baby lottery for sure", she said. Two other accomplices were convicted of similar charges, and were sentenced to three years and four years in prison.

isis-killer-beheading-video-story-top Twitter Slams Tristan Thompson for Allegedly Cheating Before Khloe Kardashian Gives Birth
Apr 11, 2018 - 17:00
I feel so bad for Khloe now because she is pregnant, and I want her to know but at the same time, I don't. She also posted a series of explicit text messages said to be from Tristan, before deleting her posts.

isis-killer-beheading-video-story-top Volkswagen boss could be replaced in restructuring
Apr 11, 2018 - 17:00
Since admitting to the scandal, VW has paid out nearly €25 billion in fines, compensation, recalls and refits. Other potential CEO candidates include Volkswagen's trucks chief and Daimler veteran Andreas Renschler.

isis-killer-beheading-video-story-top Over 40 hurt after student charter bus crashes into NY overpass
Apr 11, 2018 - 16:57
According to police, the initial investigation revealed that Gaston possessed a valid Pennsylvania Commercial Driver's License. Major David Candelaria confirmed further details about the accident in a statement to the press.

isis-killer-beheading-video-story-top Why Trump, Obama not invited to British royal wedding?
Apr 11, 2018 - 16:56
It's got to be one of the top invites of the year, and the wedding of Britain's Prince Harry to actress Meghan Markle isn't far off.

isis-killer-beheading-video-story-top IDs of 6 plane crash victims await autopsies
Apr 11, 2018 - 16:56
At least 100 people have reportedly died, and local sources have been quoted as saying the death toll could exceed 200. The plane had been transporting dozens of troops and equipment when it crashed, according to local reports .

isis-killer-beheading-video-story-top Paul to oppose Trump's pick for State, CIA picks — The Latest
Apr 10, 2018 - 20:30
Rasmussen Reports is a media company specializing in the collection, publication and distribution of public opinion information. Trump needed a big name at Foggy Bottom, the phrase long-time Washingtonians use to describe the State Department.

isis-killer-beheading-video-story-top Conte bemused by Chelsea's failure to beat West Ham
Apr 10, 2018 - 20:28
West Ham are now six points away from the drop zone on 34 points. They create chances, they are ready to suffer and win the game". Wilkins died at the age of 61 after suffering a cardiac arrest.

isis-killer-beheading-video-story-top Princess Charlotte to make history when the new royal baby is born
Apr 10, 2018 - 20:26
The parking restrictions are a major sign that preparations for an addition to the royal family are underway. She was also seen at Windsor church on Easter Sunday.

isis-killer-beheading-video-story-top Transgender Weightlifter Laurel Hubbard Almost Dislocates Arm During Competition
Apr 10, 2018 - 20:26
Wallwork had controversially claimed: "A man is a man and a woman is a woman and I know a lot of changes have gone through". Hubbard, who spent most of her life as Gavin before transitioning, won two medals at last year's world championships.