Apple does not lose a lot of battles lately in and out side the business world. One place it has found mixed results has been court in which it has won and lost some battles. Most of Apple‘s court cases have revolved around intellectual property which other have allegedly tried to infringe upon. One interesting case that made it to court and actually held Apple accountable for intellectual property infringement was concluded last year. A jury awarded VirnetX a $368.2 million settlement over patents relating to networking that the court found to be used in Apple’s FaceTime and iMessage apps. On Tuesday, February 26 a federal judge upheld the original result after Apple tried to get the reduce the amount that was awarded to the patent holding firm. Circuit Judge Leonard Davis also told Apple that it had to pay $363,000 daily in interest and damages as both firms work through a licensing agreement.
Kendall Larsen, VirnetX Chief Executive Officer stated after the verdict that, “We are extremely pleased with the court’s order in our suit against Apple. We look forward to negotiating a license with Apple that includes an ongoing royalty agreement.”
Apple released no comments about the matter.
The positive results of the case helped VirnetX stock being traded on the New York Stock Exchange to jump by $1.62 and increase by 4.8 percent to settle at $35.58.
VirnetX has previously used the courts to gain settlements from other major technology giants that have infringed on its patents before. Microsoft ended up paying $200 million in 2010 in a lawsuit that had the same patent in question. Cisco is also going to go to trial over the same technology with a schedule start of March 4.
VirtnerX also stated on its site that:
“The Court denied VirnetX’s request for a permanent injunction. In doing so, the Court ordered the parties to mediate over a license in the next 45 days for Apple’s future infringing use not covered by the Court’s Order. If the parties fail to agree to a license, the Court requests that VirnetX file the appropriate motion with the Court.
In light of this result, VirnetX intends to withdraw its complaint filed with the United States International Trade Commission (ITC) against Apple Inc. and pursue comprehensive relief from Apple’s infringement through the district court system.”
Source: All Things D
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