Apple is ordered to pay VirnetX a final judgment of $440 million for patent infringement
by Alan Friedman / Oct 16, 2017, 8:51 PM
Today, VirnetX announced that on September 29th, the United States District Court for the Eastern District of Texas, Tyler Division entered a Final Judgment in relation to post-trial motions that were filed after last year's ruling. The court gave VirnetX a clean sweep; all of Apple's motions were denied and all of the Holding' Company's motions were granted. As a result, the royalty rate was increased by 50%, adding $41.2 million to the previous award. Toss in another $96 million in attorney fees and interest, and the Final Judgment against Apple now comes to $439,727,418. That includes the jury verdict, willful infringement, interest, costs and attorney fees.
Apple says that it plans to appeal the verdict.
source: VirnetX via CNET
Posts: 2942; Member since: Jul 02, 2014
Dayummm! I should have just taken Law. That moolah.
posted on Oct 16, 2017, 9:03 PM 2
Posts: 2248; Member since: Feb 14, 2011
Only if you’re practicing corporate law and happen to work for a firm that is representing these companies. And even then the partner of the law firm will get the bulk of whatever money comes out of it.
posted on Oct 16, 2017, 9:59 PM 0
Posts: 501; Member since: May 11, 2013
and iphonies still believe apple is innocent and is an innovator LOL
posted on Oct 16, 2017, 9:30 PM 10
Posts: 613; Member since: May 16, 2013
You should google the company VirnetX. Their board of directors are made up of mostly business degree holders and lawyers. There is only guy in the their management team who has a degree in electricial engineer. Their entire business portfolio is made up of technology patents with no real products. So it is safe to say they are Real Patent Trolls
posted on Oct 17, 2017, 6:55 AM 2
Posts: 2115; Member since: Nov 04, 2011
Drop in the hat for Apple...
posted on Oct 16, 2017, 10:04 PM 0
Posts: 1050; Member since: Sep 20, 2017
Should that be the pint though? They always have been thieves. Always stealing and never wanting to pay. Which is why Qualcomm i suing them. Since they have the money to pay and can afford to pay, they don't need to steal. Now they are paying more than it would have cost them to license. If it was my patent, Apple wouldn't have to worry about stealing. I'd call Tim Cook and tell him, you have 24 hours to cut me a check for "X" amount. If you don't you are gonna suffer some terrible consequences.
posted on Oct 17, 2017, 8:01 AM 0
Posts: 987; Member since: Jun 22, 2017
Lol, funny how the author refers to anyone suing the divine fruity as a patent troll, but when it's the divine fruity suing others for things they've clearly stolen (be it shapes, rounded corners, slide to unlock, etc.), they're not considered a patent troll...
posted on Oct 17, 2017, 12:50 AM 11
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