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VirnetX Submits Agreed Bill of Costs and Prejudgement Interest of $75.7 Million in Apple Suit
Judgement Now Totals $578.5 Million, Before Post-Judgment Interest, Supplemental Damages and Ongoing Royalty of $0.84 Per Infringing Apple Device ZEPHYR COVE,
About this update from Virnetx Holding Corp
[{"type":"text","content":"Judgement Now Totals $578.5 Million, Before Post-Judgment Interest, Supplemental Damages and Ongoing Royalty of $0.84 Per Infringing Apple Device\n\n\n\n \n ZEPHYR COVE, Nev., Jan. 21, 2021 /PRNewswire/ -- VirnetX™ Holding Corporation (NYSE: VHC), an Internet security software and technology company, announced today that jt has submitted an Agreed Bill of Costs and Prejudgement Interest in the amount of $75,701,763.18 in connection with the previously announced $502,848,847 jury verdict against Apple in VirnetX Inc., et al. v. Apple Inc., No. 6:12-CV-00855. With the addition of these costs and prejudgement interest, the final judgment in VirnetX's favor for Apple infringing devices sold in the U.S. now totals $578,550,610. Post-trial interest, supplemental damages and the total amount of the $0.84 ongoing royalty per infringing Apple device have yet to be determined.\nThe parties have met and conferred and have reached agreements on these amounts. Apple has had the opportunity to review this filing and does not dispute the figures listed or that the calculations are agreed, subject to Apple's right to appeal the District Court's award of costs and prejudgment interest.\nOn March 13, 2020, VirnetX was paid a $454,033,859 judgment in a separate case against Apple.\nAbout VirnetX\nVirnetX Holding Corporation is an Internet security software and technology company with patented technology for secure communications including 4G LTE and 5G security. The Company's software and technology solutions, including its secure domain name registry and Gabriel Connection Technology™, are designed to facilitate secure communications and to create a secure environment for real-time communication applications such as instant messaging, VoIP, smart phones, e-Readers and video conferencing. The Company's patent portfolio includes over 190 U.S. and foreign granted patents/validations and pending applications. For more information, please visit http://www.virnetx.com/.\nForward-Looking Statements\nStatements in this press release that are not statements of historical or current fact, including the statement regarding the Company's final judgment in VirnetX Inc., et al. v. Apple Inc., No. 6:12-CV-00855, may constitute \"forward-looking statements\" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statemen...