Supreme Court denies VirnetX, won’t hear appeal of Apple patent verdict win

The U.S. Supreme Court turned away VirnetX’s (VHC) appeal of a lower court’s decision to overturn a prior verdict against Apple (AAPL). The high court declined to hear the patent-licensing company’s bid to revive a $502.8M jury verdict it won against Apple in a dispute over internet-security patents that previously had been reached by a jury in Texas. VirnetX had challenged the U.S. Patent and Trademark Office’s decisions to invalidate its patents. In Tuesday morning trading, VirnetX shares are off their earlier lows but remain down $1.54, or 17%, to $7.66.