Apple - Apple, VirnetX Agree On $75.6M In Curiosity After $503M Award

Apple – Apple, VirnetX Agree On $75.6M In Curiosity After $503M Award

Legislation360 (January 21, 2021, 11:10 PM EST) — Whereas Apple may attraction a Texas federal choose’s order granting VirnetX Inc. prices and prejudgment curiosity on prime of the $503 million patent trial verdict, it agrees that the quantity of such prices and prejudgment curiosity, utilizing the courtroom’s methodology, would whole $75.6 million, VirnetX mentioned Wednesday.

Earlier this month, U.S. District Decide Robert Schroeder III refused to grant Apple a brand new trial after a jury mentioned it ought to pay $503 million for infringing VirnetX patents. He additionally granted VirnetX’s movement for prejudgment curiosity and prices, ordering the events to debate amongst themselves how a lot that award needs to be.

“The events…

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