Apple Must Pay $502.6 Million to VirnetX, Federal Jury Rules
- Jury in Texas says Apple infringed four communications patent
- Latest twist in long-running dispute involving Apple devices
A customer uses FaceTime on an Apple Inc. iPhone device while waiting outside the Apple Inc. store in London, U.K.
Photographer: Chris Ratcliffe/Bloomberg
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VirnetX Holding Corp. won $502.6 million against Apple Inc. after a federal jury in Texas said the maker of iPhones was infringing patents for secure communications, the latest twist in a dispute now in its eighth year.
VirnetX’s stock rose as much as 44 percent on the news in after hours trading. The company closed at $4.10 per share on Tuesday.