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Stock impact report

VirnetX tumbles after patent loss in dispute with Apple [Seeking Alpha]

VirnetX Holding Corp (VHC) 
NASDAQ:AMEX Investor Relations: virnetx.com/investors/investor-relations
Company Research Source: Seeking Alpha
VirnetX tumbles after patent loss in dispute with AppleMar. 30, 2023 1:04 PM ETVirnetX Holding Corp (VHC)AAPLBy:Joshua FinemanSA News Editor7 CommentscagkansayinVirnetX (NYSE:fell 11%A federal appeals court upheld a ruling in favor of Apple () in a $503 million patent verdict. The court ruling on Thursday was related to an appeal of a U.S Patent Trial and Appeal Board ruling on two patents.In July 2020 the U.S. Patent Trial and Appeal Board ruled that two VirnetX (atents were unpatentable."VirnetXâ??s challenge to Black Swampâ??s joinder is forfeited," thecourt said in its rulingA jury in October 2020 said Apple ($502.8M for patent infringementlost an appeals court rulingSeparately, VirnetX on Thursday declared a declared $1.00/share special dividendpayable April 17 for shareholders of record April 10."We are confident that we are close to a final outcome in our litigation with Apple, and the Board has committed to distribute to our shareholders a substantial portion of the net procee Show less Read more
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