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AAPL Apple Inc

169.90
-0.43 (-0.25%)
After Hours
Last Updated: 21:44:02
Delayed by 15 minutes
Share Name Share Symbol Market Type
Apple Inc NASDAQ:AAPL NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.43 -0.25% 169.90 169.88 169.90 172.695 169.1101 169.58 50,011,755 21:44:02

VirnetX Holding Shares Rise 7% After Favorable Motion Against Apple

02/09/2020 6:00pm

Dow Jones News


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By Chris Wack

 

VirnetX Holding Corp. shares were up 7% to $5.48 after the company said in a regulatory filing the U.S. District Court for the Eastern District of Texas denied a Rule 60(b) motion for relief from judgment brought by Apple Inc. in the VirnetX Inc. versus Apple case.

In February, 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 the case.

VirnetX said the underlying judgment in the case awarded it $439.8 million in damages, fees and interest.

On Oct. 16, 2017, Apple signed an agreement with VirnetX stipulating Apple would pay any payments then due under the judgment within 20 days of completion of any appeal of the judgment in this matter, as well as any proceedings seeking relief from the judgment before the Supreme Court.

The companies have been involved in legal proceedings for about 10 years.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

September 02, 2020 12:45 ET (16:45 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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