NEW YORK (TheStreet) --Shares of VirnetX Holding Corp. (VHC) are higher by 4.96% to $14.80 in early-afternoon trading on Monday, after the U.S. District Court for the Eastern District of Texas ruled in favor of the Internet security software and technology company regarding a lawsuit brought by Apple Inc. (AAPL - Get Report).
The court denied Apple’s motion for summary judgment in the patent claim construction, or “Markman” order, in which Apple claims some of the patents asserted by VirnetX were invalid due to “indefiniteness.”
The court ruling prohibits Apple from challenging the validity of 16 VirnetX patents, the company said.
VHC data by YCharts
EXCLUSIVE OFFER: See inside Jim Cramer’s multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.