This post was originally published on this site
https://i-invdn-com.akamaized.net/trkd-images/LYNXNPEG1N1D8_L.jpgWASHINGTON (Reuters) – The U.S. Supreme Court on Monday refused to hear Apple (NASDAQ:) Inc’s bid to avoid paying about $440 million in damages for using patent licensing firm VirnetX Inc’s internet security technology without permission in features such as FaceTime video calling.
The justices rejected Apple’s appeal in the long-running case in which a federal jury in 2016 found that Apple had infringed VirnetX’s patents and awarded $302 million. A judge later increased that amount to $439.7 million including interest and other costs.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.