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Tech Giant Apple Sued for $626 Million
Apple, the multi-billion dollar company has been court ordered to pay $626 million in damages to VirnetX, a company which supposedly holds the patents for much of Apple’s software, including iMessage and FaceTime.
VirnetX has previously been labelled a “patent troll”, being a company which only sells one product, has 14 employees and rents out office space for a staggering $5,000 a month. The company’s main source of income is to license patents to other organisations and sue companies which they think have violated their intellectual property.
Apple appealed against the original sum of $368 million and won, but they didn’t get the victory they were hoping for as the final sum in damages which the jury came up with was almost double the original sum.
