A federal judge has thrown out a verdict requiring Apple Inc
to pay VirnetX retaining Corp US$625.6 million for infringing four patents
regarding internet safety generation, causing VirnetX’s percentage rate to
plunge.
VirnetX stocks have been down US$1.93, or forty four.6 per
cent, at US$2.forty in Monday morning trading, after earlier falling to
US$2.14.
In a selection past due Friday, U.S. District choose Robert
Schroeder in Tyler, Texas said it was unfair to Apple that VirnetX proceedings had been combined right
into a single trial.
He stated jurors may also had been confused by greater than
50 references to the sooner case, though it contained “highly similar”
troubles, and deferred improperly to the previous jury’s findings while it
discovered Apple’s chargeable for willful infringement.
“The repeated
references to the previous jury verdict in the consolidated case led to an
unfair trial,” Schroeder wrote.
He ordered that both cases be retried one by one, with the
first trial beginning on Sept. 26.
VirnetX is a Zephyr Cove, Nevada-based totally organisation
that derives most of its sales from licensing patents.
It accused Cupertino, California-based totally Apple of
infringing patents utilized in merchandise consisting of FaceTime and iMessage.
america$625.6 million verdict introduced in February was one
of the highest in a U.S. patent case.
“we're disenchanted,” VirnetX chief executive Kendall Larsen
stated in a announcement on Monday. “we are reviewing all our alternatives and
could comply with the court docket’s direction as we begin preparing for those
retrials.”
Apple did no longer without delay respond to a request for
remark.
Many patent cases are treated within the Texas court docket,
which has a recognition for awarding favourable verdicts to plaintiffs alleging
infringement.
VirnetX have been assigned the four patents via
technological know-how programs international Corp in 2006, court papers show.
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