"Where money issues meet IP rights". This weblog looks at financial issues for intellectual property rights: securitisation and collateral, IP valuation for acquisition and balance sheet purposes, tax and R&D breaks, film and product finance, calculating quantum of damages--anything that happens where IP meets money.
Friday, 5 February 2016
East Texas Jury Awards over $600 million to VirnetX against Apple
In a long running patent dispute generally involving internet
related processes, VirnetX has been awarded over $600,000,000 against Apple by
an East Texas jury. After reviewing the
history concerning the patents in suit in Westlaw, I have to say that this is
quite a convoluted matter. It looks like
the stakes are high, so all of the litigation and related activity is
presumably justified. PR
Newswire notes that VirtnetX previously was awarded $358 million, but the
U.S. Court of Appeals for the Federal Circuit vacated that award. Notably, the allegedly infringing technology
was Apple’s “modified VPN On Demand,
iMessage and FaceTime services.” East
Texas juries fail to disappoint.
Importantly, Professor Dennis Crouch at the Patently
Obvious blog notes: "Interesting, after the huge verdict bump, the
market cap for the company is $250.9M. That may be about right after paying for
fees, costs, and taxes." (Hat tip to BNA and Professor Dennis Crouch’s
Patently Obvious Blog).
Labels:
Apple,
eastern district of Texas,
judgment
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment