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VirnetX Seeks New Trial Against Cisco

|Includes: CSCO, VirnetX Holding Corporation (VHC)

VirnetX (NYSEMKT:VHC) has asked the judge presiding over its patent infringement case against Cisco (NASDAQ:CSCO) for a new trial in a motion filed today. Even before this motion, I thought VHC had oversold on the non-infringement verdict, so have taken a long position.

Disclosure: I am long VHC.