"Apple’s entire legal strategy [is] to drag out the fight for as long as it can"
Could it be called a DoJ attack, as in Denial of Justice, against VirnetX ?
Apple has won the latest round in its nine-year patent mega-battle with VirnetX – with a US appeals court rejecting a $600m jury decision and sending it back down to the district court to redecide. The victory saw Apple’s share price go up by more than one per cent but, in an indication of their comparative sizes, VirnetX’s …
The only thing that is funny in this whole affair is that Apple is apparently in danger of running out of courts. It has already plowed so much effort into this (*) that courts will actually no longer hear an appeal on one part of the case.
That has to be a first.
* - okay, I admit, avoiding a half-billion dollar payout is worth some effort.
Market Cap currently ~$250million. This is however based on current market price, which factors in that the $600m has not been paid and carries some degree of doubt. Apple will be unlikely to buy enough shares to mitigate the difference.