VirnetX granted 0.98% royalty in Apple dispute; shares soar

|About: VirnetX Holding Corporation (VHC)|By:, SA News Editor

The Eastern Texas district court handling VirnetX's (VHC +21.1%) patent suit against Apple has assigned VirnetX a 0.98% royalty rate on "adjudicated products and products not colorably different from those adjudicated at trial that incorporate any of the FaceTime or VPN on Demand features found to infringe at trial." (8-K)

An Eastern Texas jury awarded VirnetX $368M in damages in 2012. VirnetX announced a favorable USPTO ruling related to its Apple dispute last month.