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Apple Ordered to Pay $368 Million in Patent Infringement
2012-11-22
 

IP News

Home > IP News

Apple Ordered to Pay $368 Million in Patent Infringement

2012-11-22

Apple Ordered to Pay $368 Million in Patent Infringement


    IPNews® - Apple Inc. was recently ordered to pay $368.2 million to VirnetX by a Tyler, Texas federal jury in a patent infringement case. 

    The claims made by VirnetX against Apple alleged that various Apple devices supporting the popular Face Time application infringe on four of its patents relating to technology that creates a secure mechanism for communicating over the Internet.  As a result of the settlement against Apple, stock shares for VirnetX were up 28%, the largest one-day increase since 2009.  To continue reading, click: Apple Ordered to Pay $368.2 Million in Patent Infringement Settlement

(Intellectual Property News.com)