Apple ordered to pay VirnetX $503M for infringing patents

By news@appleinsider.com (Mikey Campbell) A federal jury on Friday calculated Apple owes VirnetX $502.8 million for infringing on the patent holdings company’s intellectual property, the latest in a string of verdicts related to the serial filer.The most recent verdict in Apple’s long-running legal war with VirnetX was handed down by a jury hearing the case in the patent holder-friendly U.S. District Court for the Eastern District of Texas.VirnetX is brandishing VPN on Demand IP, claiming Apple’s FaceTime protocol infringed on the invention. The firm initially asked for $700 million, while Apple argued a more reasonable royalty rate of 19 cents per unit would produce $113 million, …

Source:: Apple Insider