VHC Plunges 32%: Loses VPN Suit Against Cisco, Says Bloomberg
Posted on March 14, 2013 at 15:44 PM EDT
Shares of patent holding company VirnetX Holding (VHC) are down $11.38, or 32%, at $24.29, following headlines from Bloomberg and others saying the company has lost its patent suit against Cisco Systems (CSCO) over technology for virtual private networks. VirnetX has been suing Cisco for $258 million for infringing patents VirnetX holds on VPNs given [...]