Apple ordered to pay $625m in patent dispute with VirnetX - ICT & Science - Dainikshiksha

Apple ordered to pay $625m in patent dispute with VirnetX

Online Desk |

Apple Inc must pay VirnetX Holding Corp more than $625 million for using the patent licensing company’s Internet security technology without permission in its FaceTime and iMessage features, a federal jury in Texas said on Wednesday.

The award was more than the $532 million VirnetX had sought before the trial began on Jan. 25 in Tyler, Texas. The jury said Apple’s infringement was willful.

VirnetX stock was trading at $9.30 after hours, up 94 percent from its Wednesday close. Apple was down 45 cents to $95.90 in after-hours trading.

The verdict, though a blow for Apple, does not pose a threat to the company, which reported in January that its cash pile had reached $216 billion. Still, the amount is high for a patent case.

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