McAfee fined $18 million for patent infringement

A federal jury in Texas has ordered McAfee to pay $18 million in past and future damages for infringing on a patent held by DeepNines Inc., according to Barron's Tech Trader Daily blog.

A federal jury in Texas has ordered McAfee to pay $18 million in past and future damages for infringing on a patent held by DeepNines Inc., according to Barron's Tech Trader Daily blog. The court decision, revealed in a Securities and Exchange Commission filing, was handed down last week.

In its SEC filing, the company said the jury found that certain applications of McAfee's IntruShield infringe on DeepNines' patent. McAfee has said it will seek to overturn the ruling. The company also warned that the damages awarded by the jury could impact its financial results for the second quarter and potentially future quarters.

The company will report its quarterly results on July 31 and plans to address the verdict in more detail then, according to the SEC filing.

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