Why VirnetX Holding (VHC) Stock Is Rising Today

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).

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.

Must read: Warren Buffett's 25 Favorite Stocks

VHC ChartVHC 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. 

More from Markets

Dow Tumbles as Trump Calls Off North Korea Summit

Dow Tumbles as Trump Calls Off North Korea Summit

Automakers Slump as Trump Tariffs Threaten Both Manufacturers and Consumers

Automakers Slump as Trump Tariffs Threaten Both Manufacturers and Consumers

Jim Cramer: Does Saudi Arabia Think Oil Prices Are Too High?

Jim Cramer: Does Saudi Arabia Think Oil Prices Are Too High?

Stocks Could Easily Crater Into Memorial Day Weekend

Stocks Could Easily Crater Into Memorial Day Weekend

Video: Here Is How Real Estate Investment Trusts Can Boost Your Portfolio

Video: Here Is How Real Estate Investment Trusts Can Boost Your Portfolio