VirnetX wins favorable ruling in patent case against Apple, in which VirnetX was awarded about $440 million

(MatketWatch) – VirnetX Holding Corp. VHC, +3.31% received a positive court ruling Wednesday, as the internet security software and technology company disclosed that the U.S. District Court for the Eastern District of Texas has denied Apple Inc.’s AAPL, -2.42% motion for relief from a judgment in the VirnetX vs.

Apple patent case. The ruling is related to the case in which VirnetX was awarded total damages of $439.7 million as Apple was found to have infringed on VirnetX’s patents. In February, Apple was denied a rehearing of the case. VirnetX’s stock was still inactive in premarket trading, while Apple shares gained 1.8% toward record territory.

Year to date, shares of VirnetX have rallied 35.3%, Apple has run up 82.8% and the Dow Jones Industrial Average DJIA, +0.82% has tacked on 0.4%.


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