Judge voids VirnetX’s $625.6 million Apple verdict; VirnetX plunges


A sovereign decider has thrown out a outcome requiring Apple Inc (AAPL.O) to compensate VirnetX Holding Corp (VHC.A) $625.6 million for infringing 4 patents relating to Internet confidence technology, causing VirnetX’s share cost to plunge.

VirnetX shares were down $1.93, or 44.6 percent, during $2.40 in Monday morning trading, after progressing descending to $2.14.

In a preference late Friday, U.S. District Judge Robert Schroeder in Tyler, Texas pronounced it was astray to Apple that dual VirnetX lawsuits had been total into a singular trial.

He pronounced jurors might have been confused by some-more than 50 references to a progressing case, yet it contained “incredibly similar” issues, and deferred improperly to a before jury’s commentary when it found Apple’s probable for bullheaded infringement.

“The steady references to a before jury outcome in a combined box resulted in an astray trial,” Schroeder wrote.

He systematic that both cases be retried separately, with a initial hearing commencement on Sept. 26.

VirnetX is a Zephyr Cove, Nevada-based association that derives many of a income from chartering patents.

It indicted Cupertino, California-based Apple of infringing patents used in products including FaceTime and iMessage.

The $625.6 million outcome announced in Feb was one of a top in a U.S. obvious case.

“We are disappointed,” VirnetX Chief Executive Kendall Larsen pronounced in a matter on Monday. “We are reviewing all a options and will follow a court’s instruction as we start scheming for these retrials.”

Apple did not immediately respond to a ask for comment.

Many obvious cases are rubbed in a Texas court, that has a repute for awarding auspicious verdicts to plaintiffs alleging infringement.

VirnetX had been reserved a 4 patents by Science Applications International Corp in 2006, justice papers show.

The box are VirnetX Inc v. Apple Inc, U.S. District Court, Eastern District of Texas, Nos. 10-00417 and 12-00855.

(Reporting by Andrew Chung and Jonathan Stempel in New York; Editing by Bernadette Baum)


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