VirnetX Holding Corporation develops software and technology solutions for securing real-time communications over the Internet in the United States. Its software and technology solutions include secure domain name registry and GABRIEL Connection Technology that are designed to secure communications various real-time communications over the Internet, as well as enable organizations and individuals to establish communities of secure, registered users, and transmit information between various devices, networks, and operating systems. The company was founded in 2005 and is based in Zephyr Cove, Nevada.
Last week, VirnetX (VHC) was awarded $502.8M, pre- and post-trial interest, damages costs, and ongoing royalties in a final judgement in its longstanding Apple suit.Today, VirnetX announces submitting an agreed bill of costs and prejudgement interest totaling $75,701,763.18.Post-trial interest, supplemental damages, and the total amount of the ongoing $0.84 royalty...
VirnetX™ Holding Corporation (NYSE: VHC), an Internet security software and technology company, announced today that jt has submitted an Agreed Bill of Costs and Prejudgement Interest in the amount of $75,701,763.18 in connection with the previously announced $502,848,847 jury verdict against Apple in VirnetX Inc., et al. v. Apple Inc., No. 6:12-CV-00855. With the addition of these costs and prejudgement interest, the final judgment in VirnetX's favor for Apple infringing devices sold in the U.S. now totals $578,550,610. Post-trial interest, supplemental damages and the total amount of the $0.84 ongoing royalty per infringing Apple device have yet to be determined.
A federal judge denied Apple Inc's bid to set aside or reduce a $502.8 million patent infringement verdict favoring VirnetX Holding Corp, and awarded interest and royalties that could boost Apple's total payout in two lawsuits above $1.1 billion. In a decision issued on Friday, U.S. District Judge Robert Schroeder in Tyler, Texas rejected Apple's request for a new trial and several other claims. These included that VirnetX's award should not exceed $113.7 million, and that jurors should have been told the U.S. Patent and Trademark Office had deemed VirnetX's claims "unpatentable."
VirnetX™ Holding Corporation (NYSE: VHC)(the "Company"), an Internet security software and technology company, announced today that the United States District Court for the Eastern District of Texas, Tyler Division (the "District Court"), entered a Final Judgment and issued its Memorandum Opinion and Order ("Order") regarding post-trial motions resulting from the prior $502.8 million jury verdict ("Verdict") for VirnetX in the ongoing patent infringement action between VirnetX Inc. ("VirnetX") and Apple Inc. ("Apple").