In the past, we’ve come across many patent troll related lawsuits, where a company that owns a patent that is vaguely similar to a technology or product used by another company will sue that company over alleged infringement. The goal is to try and get these companies to quickly settle the matter instead of fighting a long and drawn out court battle.
One of the more notable lawsuits we’ve seen in recent years is the one between Apple and VirnetX, who alleged that Apple had violated a patent of theirs. This lawsuit was initially filed back in 2014, and more recently, the company had “won” through a jury verdict that would have required Apple to pay them a whopping $502.8 million.
Unsurprisingly, Apple isn’t too happy about that and while the company does have the cash reserves, it doesn’t mean that they would be willing to part with so much money. So much so that according to a report from Law360 (paywall), the company is now urging a Texas federal judge to either override the verdict, or order a new trial. The company claims that no reasonable jury would have awarded such “outsized” damages.
We’re not sure if the judge will grant Apple their request, but like we said, half a billion dollars is a huge amount of money, even for a company as rich as Apple, and we can’t say we’re surprised that the company is looking for all kinds of ways to overturn the verdict or find an alternative.
Filed in. Read more about Legal. Source: appleworld.today