Judge Throws Out VirnetX's $625 Million Verdict Against Apple, Orders Two New Trials

Judge Throws Out VirnetX's $625 Million Verdict Against Apple, Orders Two New Trials

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A federal judge has thrown out VirnetX's $625.6 million verdict against Apple for patent infringement and ordered two new trials, reports CNBC. Apple had been found guilty of infringing on four of VirnetX's patents relating to Internet security technology.

U.S. District Judge Robert Schroeder in Tyler, Texas determined that it was unfair that two VirnetX lawsuits had been combined into a single trial. Jurors were likely confused by over 50 references to the earlier case and may have deferred improperly to the prior jury's finding of willful infringement.

"The repeated references to the prior jury verdict in the consolidated case resulted in an unfair trial," Schroeder wrote.

Schroeder order both cases to be retried separately, the first is set to begin on September 26th. VirnetX shares plunged 44.6% at the news to $2.40.

"We are disappointed," VirnetX Chief Executive Kendall Larsen said. "We are reviewing all our options and will follow the court's direction as we start preparing for these retrials."

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Judge Throws Out VirnetX's $625 Million Verdict Against Apple, Orders Two New Trials
clown - August 1, 2016 at 4:05pm
Anthor big corporation wih 100"s of billions of dollars using the the courts. They can afford to use other"s patents because they 100"s billions in assets to force other companies to go bankrupt trying to go after them.
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