VirnetX joins list of IP firms selling off following White House veto

VirnetX (VHC -4.3%) has joined InterDigital and Acacia in trading lower after the Obama administration vetoed an ITC sales ban on older iPhones/iPads ruled to be infringing standards-essential Samsung IP.

The ruling has raised concerns about the ITC's effectiveness as a vehicle to pursue infringement complaints, particularly ones involving standards-essential patents.

VirnetX announced in February it would withdraw its ITC complaint against Apple, after obtaining a favorable Texas jury verdict.

In June, the White House announced executive actions and legislative proposals aimed at perceived patent trolls.

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Comments (1)
  • Dustin Moore
    , contributor
    Comments (277) | Send Message
    This isn't relevant to $VHC at this time. No ITC involved. No nan involved.
    Besides their position is strengthening...
    5 Aug 2013, 01:07 PM Reply Like
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