Apple challenging $368M verdict with VirnetX
Apple is challenging a verdict from a Texas court last November that left it on the hook to pay security software company VirnetX $368.2 million in damages.
The news came tucked inside Apple's quarterly report, which was filed earlier this week, Computerworld notes.
"The Company is challenging the verdict, believes it has valid defenses and has not recorded a loss accrual at this time," Apple said in its filing with the U.S. Securities and Exchange Commission.
The original complaint, which was filed in August 2010, accused Apple of infringing on four of VirnetX's patents … Read more