Alerted @ 2.20 VirnetX's stock plunges after d
Post# of 22756
Posted On: 08/02/2016 8:49:43 AM
Alerted @ 2.20
VirnetX's stock plunges after disappointing ruling in patent claims against Apple
22 hours 28 minutes ago - DJNF
VirnetX Holding Corp.'s stock (VHC) plunged 44% in active morning trade Monday to a 6 1/2-month low, enough to make it the biggest declining stock listed on U.S. exchanges, after a disappointing court ruling regarding its patent infringement claims against Apple Inc. (AAPL) Volume topped 1.3 million shares, which was already about double the full-day average. The internet security software company said the U.S. District Court for the Eastern District of Texas issued a new order in the case against Apple, vacating the previous order to consolidate the two cases, and to retry them as separate cases. "We are disappointed by the court's decision to vacate its prior ruling on consolidation and ordering the parties to retry the cases as two separate matters," said VirnetX Chief Executive Kendall Larsen. In February, VirnetX's stock soared after a federal Jury in Texas ordered Apple to pay $625 million for infringing on VirnetX's patents.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
August 01, 2016 10:19 ET (14:19 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
VirnetX's stock plunges after disappointing ruling in patent claims against Apple
22 hours 28 minutes ago - DJNF
VirnetX Holding Corp.'s stock (VHC) plunged 44% in active morning trade Monday to a 6 1/2-month low, enough to make it the biggest declining stock listed on U.S. exchanges, after a disappointing court ruling regarding its patent infringement claims against Apple Inc. (AAPL) Volume topped 1.3 million shares, which was already about double the full-day average. The internet security software company said the U.S. District Court for the Eastern District of Texas issued a new order in the case against Apple, vacating the previous order to consolidate the two cases, and to retry them as separate cases. "We are disappointed by the court's decision to vacate its prior ruling on consolidation and ordering the parties to retry the cases as two separate matters," said VirnetX Chief Executive Kendall Larsen. In February, VirnetX's stock soared after a federal Jury in Texas ordered Apple to pay $625 million for infringing on VirnetX's patents.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
August 01, 2016 10:19 ET (14:19 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
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