Burford Capital shares jump on $5.7B Apple patent verdict

Investing.com·28 Sep 2026·

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Burford Capital Ltd. rose over 12% on Monday, its largest intraday gain since late March, after a federal jury in San Diego ruled late on Sept. 25 that Apple Inc. owes more than $5.7 billion for infringing patents owned by Taction Technology Inc. covering vibration-based technology, an award reports described as one of the largest patent verdicts in U.S. history. Discovery in the case showed Taction received financing from Gronostaj Investments LLC and Kenosha Investments LP, which was identified in separate litigation as an indirect subsidiary of Burford Capital Ltd. In a statement on Monday, Burford Capital said that if the verdict amount were paid as issued, the company's entitlement would be $1.4 billion, split roughly equally between its balance sheet and its investment funds. Burford warned the figure is likely to change through post-trial and appellate proceedings, noting that Apple has filed a motion for judgment as a matter of law asking the trial court to set aside the jury's verdict, and that the U.S. Court of Appeals for the Federal Circuit, which handles patent appeals, is known for subjecting large verdicts to scrutiny. The company said the issuance of the jury verdict does not represent a final judgment or cash proceeds received by Burford, that the case remains subject to significant litigation and collection risks, and that its ultimate entitlement will depend on the terms of its financing agreement and applicable fees, expenses, taxes, and other deductions.

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