Benzinga | Nov 2, 2020 09:01AM EST

VirnetX PR Confirms Co. Was Awarded $502.8M In Apple Suit

ZEPHYR COVE, Nev., Nov. 2, 2020 /PRNewswire/ -- VirnetX(tm) Holding Corporation (NYSE:VHC), an Internet security software and technology company, announced today that on October 30, 2020, a federal jury in theZEPHYR COVE, Nev., Nov. 2, 2020 /PRNewswire/ -- VirnetX(tm) Holding Corporation (NYSE:VHC), an Internet security software and technology company, announced today that on October 30, 2020, a federal jury in the U.S. District Court for the Eastern District of Texas issued a $502,848,847 verdict in favor of VirnetX based on Apple's infringement of two network security patents; VirnetX US Patents No. 6,502,135 and No. 7,490,151. The case is VirnetX Inc., et al. v. Apple Inc., No. 6:12-CV-00855. The jury verdict called for damages of $0.84 per accused device since the 2013 launch of Apple's iOS 7 operating system and represents 598,629,580 infringing units from US sales only. On March 13, 2020, VirnetX was paid a $454,033,859 judgment in a separate case against Apple.

"We are very pleased with the jury's verdict," said Kendall Larsen, VirnetX CEO and President. "Once again the value of our technology has been upheld in a court of law. We are grateful to the jury for their attention, diligence and commitment during these challenging times.