Thursday, March 14, 2013

VirnetX needs to recover from the Cisco 258 million for patent infringement


Cisco Systems, Inc. to pay VirnetX Holding company 258 million dollars for violating four patents in the field of communication technologies - such requirement VirnetX attorney stated in court, which deals with a lawsuit against Cisco.
According to the plaintiff, Cisco illegally uses patented design VirnetX, since 2005. Product Cisco, which violated patents VirnetX, during which time it has been sold for about $ 1 billion.
It is a patent on the technology used for secure communication in virtual private networks.
In November last year, Apple has lost in a similar dispute with VirnetX . The court ordered the offender to pay 368.2 million dollars. On appeal Apple, Court of Justice has confirmed that Apple has to pay 368 million dollarsfor breach of VirnetX patents.
Cisco has denied that the patent infringement, claiming that they are not valid, and VirnetX not suffered any damage.
Source: Bloomberg

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