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VirnetX’s $368 Million Patent Award Against Apple Is Tossed

VirnetX Holding Corp. fell 44 percent after an appeals court threw out a $368.2 million patent-infringement damage award the company won against Apple Inc. over virtual private networks.

The U.S. Court of Appeals for the Federal Circuit in Washington ordered a review of whether Apple’s FaceTime feature infringed two patents and threw out the damage award, saying it was based on faulty jury instructions. The court did agree that Apple’s VPN on Demand features infringed two other patents.