On Monday, Shares of VirnetX Holding Corporation (NYSEMKT:VHC), added 33.99% and closed at $4.10 in the last trading session. The last trading range of the stock ranges between $3.96 and $5.13. Attorneys from Dallas’ Caldwell Cassady & Curry have won another multimillion-dollar patent infringement award for Nevada-based VirnetX Holding Corp. (NYSE MKT: VHC) against technology giant Apple Inc. (AAPL) based on an East Texas jury’s finding that Apple owes more than $302 million in royalties for infringing internet security patents owned by VirnetX.
Jurors in the Tyler, Texas, courtroom of Judge Robert W. Schroeder III delivered the verdict in favor of VirnetX on Sept. 30 after one week of trial. The case is VirnetX Inc., et al. v. Apple Inc., No. 6:10-CV-417, in the U.S. District Court for the Eastern District of Texas.
Caldwell Cassady & Curry name principals Bradley W. Caldwell, Jason D. Cassady and J. Austin Curry led the team representing VirnetX. The company also called on Johnny Ward from Ward, Smith & Hill, PLLC, in Longview and attorneys from Parker, Bunt & Ainsworth, P.C., of Tyler. Also representing VirnetX from Caldwell Cassady & Curry were firm principal Justin T. Nemunaitis and firm attorneys Hamad M. Hamad, Warren J. McCarty, Jason S. McManis, Daniel R. Pearson, Christopher S. Stewart, and John F. Summers.
VirnetX formerly won two noteworthyjury awards against Apple with Caldwell Cassady & Curry as lead counsel, counting a 2012 patent infringement verdict of $368 million involving four VirnetX network patents used in iPhones, iPads and other Apple products. Two years later, the U.S. Court of Appeals for the Federal Circuit upheld the jury’s infringement finding on two of the contested patents and confirmed a finding of no invalidity on all four patents before vacating the damages award. That ruling allowed Apple to stop paying royalties and cleared the way for a retrial on damages.
Altria Group Inc (NYSE:MO), DROPPED -0.60% and closed at $62.85 in the last trading session. The last trading range of the stock ranges between $62.57 and $63.18. The company’s Market capitalization is $123.60 Billion with the total Outstanding Shares of 1.95 Billion. Altria Group, Inc. (Altria) (MO) recently declares the consummation of and final results for its formerly declared cash tender offer for any and all of its senior unsecured 9.95% Notes due 2038 (the “2038 Notes”) and any and all of its senior unsecured 10.20% Notes due 2039 (the “2039 Notes” and, together with the 2038 Notes, the “Notes”). The terms and conditions of the tender offer are described in the Offer to Purchase, dated September 13, 2016 and the related Letter of Transmittal and Notice of Guaranteed Delivery.
The tender offer for the Notes expired at 5:00 p.m., New York City time, on Monday, September 19, 2016 (the “Expiration Time”).
The total aggregate principal amount of the 2038 Notes validly tendered at or before the Expiration Time and not validly withdrawn and accepted for purchase was $440,588,000, which amount includes the 2038 Notes delivered in accordance with guaranteed delivery procedures and the total aggregate principal amount of the 2039 Notes validly tendered at or before the Expiration Time and not validly withdrawn and accepted for purchase was $492,000,000, which amount includes the 2039 Notes delivered in accordance with guaranteed delivery procedures.
The total consideration per $1,000 principal amount of each of the 2038 Notes accepted for purchase was $1,842.71, plus accrued and unpaid interest from the last interest payment date up to, but not counting, the date hereof and the total consideration per $1,000 principal amount of each of the 2039 Notes accepted for purchase was $1,884.63, plus accrued and unpaid interest from the last interest payment date up to, but not counting, the date hereof. Payment for the purchased Notes was made recently.
Symantec Corporation (NASDAQ:SYMC), gained 0.04% and closed at $25.11 in the last trading session. The last trading range of the stock ranges between $25.03 and $25.18. During the 52-week trading session the minimum price at which share price traded, registered at $16.14 and reached to max level of $25.36. Symantec Corp. (SYMC), the global leader in cyber security, recently revealed new research demonstrating how cybercriminal networks are taking advantage of lax Internet of Things (IoT) device security to spread malware and create zombie networks, or botnets, unbeknownst to their device owners.
Symantec’s Security Response team has discovered that cybercriminals are hijacking home networks and everyday consumer connected devices to assist carry out distributed denial of service (DDoS) attacks on more profitable targets, usually large companies. To succeed, they need cheap bandwidth and get it by stitching together a large web of consumer devices that are easy to infect because they lack sophisticated security.
More than half of all IoT attacks originate from China and the U.S., based on the location of IP addresses to launch malware attacks. High numbers of attacks are also emanating from Germany, the Netherlands, Russia, Ukraine and Vietnam. In some cases, IP addresses may be proxies used by attackers to hide their true location.