VirnetX Holding Corp (VHC)

[RandolRocketman]

VirnetX Awarded $502.6 Million Jury Verdict Against Apple

Jury Finds Apple Willfully Infringed

ZEPHYR COVE, Nevada.,– 4/12/2018 – VirnetX™ Holding Corporation (NYSE AMERICAN: VHC), an Internet security software and technology company, announced today that a jury in the United States Court for the Eastern District of Texas, Tyler Division, in the case VirnetX Inc., et al. v. Apple Inc., No. 6:12-CV-00855-LED) (“Apple II”) has awarded VirnetX $502.6 million in a verdict against Apple Corporation for infringing four VirnetX patents, marking the fourth time a federal jury has found that Apple has infringed VirnetX’s patented technology. The jury also found that Apple willfully infringed VirnetX’s patents.

The verdict covers issues of infringement by Apple’s redesigned VOD (VPN on Demand) in iOS 7 to iOS 11, the redesigned FaceTime in iOS 7 to iOS 11 and OS X 10.9 and later.

“We are extremely pleased with the jury’s verdict. We believe that by standing on truth and integrity the verdict is fair and appropriate,” said Kendall Larsen, VirnetX CEO and President. “This is the fourth time a jury has confirmed that Apple has been using the technology developed by our inventors.”