A notorious Patent Troll – VirnetX Holding Corporation – has won a major decision in the Eastern Court of Texas against Apple. Apple have been told in the decision that they should pay VirnetX over $500 million, in a decision that has been ongoing since 2012.
In October 2017, Apple was also ordered to pay over $439 million as its “VPN on Demand” feature and FaceTime were determined to violate VirnetX’s patents. However, this verdict may not stand on appeal.
VirnetX’s business model does not appear to be financially successful for now. In its most recent annual report filing with the Securities and Exchange Commission, the Nevada firm reported a combined net loss of $75.1 million from 2015 through 2017, “with an accumulated deficit of $176 million.”