Microsoft Corporation (NASDAQ:MSFT) has lost a $106 million patent case against VirnetX Holding Corporation (AMEX:VHC). The case is related to two VirnetX patents on automatic and secure virtual private networks (VPN).
“Our clients are very happy with today’s verdict,” stated VirnetX counsel Douglas Cawley. “We hope this decision sends a clear message to patent infringers everywhere that they will be held responsible for wrongly profiting off the hard work of others.”
Microsoft legal spokesman Kevin Kutz left the following statement regarding the lawsuit:
“We are disappointed by the jury’s verdict. We respect others’ intellectual property, and we believe the evidence demonstrated that we do not infringe and the patents are invalid. We believe the award of damages is legally and factually unsupported, so we will ask the court to overturn the verdict.” [SeattlePi]