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Stock impact report

VirnetX Triumphs in $440 Million Suit as Supreme Court Rejects Apple's Appeal

VirnetX Holding Corp (VHC) 
NASDAQ:AMEX Investor Relations: virnetx.com/investors/investor-relations
Company Research Source: PR Newswire
ZEPHYR COVE, Nev., Feb. 24, 2020 /PRNewswire/ -- VirnetX™ Holding Corporation (NYSE AMERICAN: VHC), an Internet security software and technology company, announced today that the U.S. Supreme Court denied Apple's petition for a writ of certiorari seeking review of the judgment of the U.S. Court of Appeals for the Federal Circuit in case 2018-1197.  The underlying judgment in the case awarded VirnetX a total of $439.8 million in damages, fees, and interest. On October 16, 2017, Apple signed an agreement with VirnetX stipulating Apple agrees that, as provided in Exhibit A, Apple will pay any payments then due under the Judgment within 20 days of completion of any appeal from the Judgment in this matter, as well as any proceedings seeking relief from the Judgment before the Supreme Court of the United States, and any remand proceedings in the event the court of appeals or Supreme Court grants Apple relief from the Judgment, or within 20 days of the expiration of the times for initiating Show less Read more
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