VirnetX Takes Another $503 Million Bite Out of Apple in Patent Infringement Case

VirnetX (NYSEMKT: VHC) continues to pile up courtroom wins against Apple (NASDAQ: AAPL). On Friday, a jury ordered the tech giant to pay $502.8 million for violating VinetX's patents for secure networks -- called virtual private networks (VPNs) -- and secure communications links in Apple's FaceTime videoconferencing app.

VirtnetX had sought $700 million in royalties, while Apple said it should pay no more than $113 million, or a royalty rate of $0.19 per unit. The jury, however, settled on $0.84 per unit.

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Source Fool.com