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Pursuing litigation, and in particular patent litigation, can be a treacherous path for companies. The journey is fraught with complex issues, unpredictable juries, and shrewd lawyers. For VirnetX (VHC), it has included ongoing licensing and assertion of its secure communication intellectual property to the most dominant technology companies in the world.

After two years of wrangling, VirnetX and Apple (AAPL) met for a jury trial in November 2012. The big news headline emerging from the courtroom was that VirnetX secured a jury verdict that Apple was infringing its patents and owed the company $368.2 million. Indeed that was one of the most critical wins for the company in the long legal battle, both validating its...

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