VirnetX shares surge as jury says Apple infringed patents

VirnetX shares surge as jury says Apple infringed patents

As a result, Apple has been ordered to pay damages to the tune of $502.6 million.

A federal court in the state of Texas has reportedly asked Apple Inc.to pay almost Dollars 502.6 million to patent troll VirnetX, for the infringement of its four patents associated with secure internet communications.

The intellectual property battle - relating to FaceTime, iMessage and VPN on Demand - started back in 2010, with VirnetX claiming that Apple was violating four of its patents pertaining to communication security. The company is what's known within the industry as a 'patent troll'.

As Ars has previously reported, VirnetX had won three separate jury trials against Apple, all in the Eastern District of Texas, a longtime hotspot for patent-holding companies seeking to sue tech companies.

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The battle between VirnetX and Apple has been ongoing for years. The case isn't dead yet though, the U.S. legal system has plenty of room for additional appeals and Apple is exploring those options already. Coming after eight years of legal wranglings, the ruling saw VirnetX stock rise by as much as 44 percent and CEO Kendall Larsen is pleased with the verdict. Even so, there was still a major difference there, Apple and Samsung both use their patents in products that they make and sell, while VirtnetX focuses on court cases to bring in revenue.

For now, Apple's lawyers aren't commenting and VirnetX is celebrating a victory. Damages were based upon sales of more than 400 million Apple devices, according to Bloomberg.

The Federal Circuit, which handles all patent appeals, declined to put this trial on hold, saying it was so far along that a verdict would come before a final validity decision.

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