US Supreme Court denies Apple's bid to avoid paying $440 million damages in patent fight

The US Supreme Court has declined to consider Apple's appeal to avoid paying nearly $440 million to technology licensing company VirnetX for violations of its patents

New York The United States Supreme Court on Monday dealt a blow to Apple in a decade-long legal battle over whether the iPhone maker infringed on another company's patents.

The Supreme Court declined to consider Apple's appeal to avoid paying nearly $440 million to technology licensing company VirnetX for violations of its patents. VirnetX declared a"triumph" over Apple in its statement. Shares of VirnetX increased significantly after the ruling, and closed up 12% on a day when the larger stock market saw significant losses.Apple declined to comment on the decision.

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