Court Vacates VirnetX Holding Corp Patent Victory Vs Apple

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VirnetX Holding Corp.
VHC
cratered Tuesday after a federal appeals court vacated the company's recent victory in a patent suit. http://www.cafc.uscourts.gov/images/stories/opinions-orders/13-1489.Opinion.9-12-2014.1.PDF A jury in Texas earlier this year awarded patent licensing company VirnetX and Science Applications International Corp.
SAIC
damages of $368.2 million in a patent infringement suit against Apple Inc.
AAPL
and Cisco Systems, Inc.
CSCO
. But the appeals court Tuesday send the case back to lower courts after vacating two key findings of the jury, while agreeing with others. VirnetX alleged that Apple's video calling system called Facetime violates VirnetX secure communications patents. Following an intial VirnetX's victory, Apple altered FaceTime but VirnetX said infringement continued, according to Apple Insider. http://appleinsider.com/articles/14/08/11/apple-suffers-setback-in-new-virnetx-patent-suit-over-facetime VirnetX fell nearly 45 percent recently to $8.13 a share. Science Applications was little changed.
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