VirnetX won a $368 million judgment against Apple for infringing on patents VirnetX holds related to secure communications technology. Apple appealed and the appellate court upheld the ruling. The two companies were ordered by the judge to work out a licensing agreement for future royalties.
VirnetX’s case against Cisco includes claims of infringement on two of the patents under dispute in the case against Apple. The patent company is seeking $258 million from Cisco fr.om the same judge who ruled in favor of VirnetX’s appeal.
Shares of VirnetX are down 14.7% at $30.42 in a 52-week range of $21.25 to $41.93.
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