Acacia Research Corporation (Nasdaq: ACTG) announced today that its
Financial Systems Innovation LLC subsidiary has entered into a
settlement agreement covering a patent that applies to credit card fraud
protection technology with Cost Plus, Inc. This resolves a dispute that
was pending before the United States District Court for the Northern
District of Georgia concerning Cost Plus, Inc.
The expired patent asserted in this litigation generally relates to a
computerized system for protecting retailers and consumers engaged in
credit card, check card, and debit transactions. The system includes an
electronic card reader, and the generation and use of a transaction
number, which specifically identifies each transaction processed within
the system.
ABOUT ACACIA RESEARCH CORPORATION
Acacia Research’s subsidiaries develop, acquire, and license patented
technologies. Acacia Research’s subsidiaries control over 100 patent
portfolios, covering technologies used in a wide variety of industries.
Information about Acacia Research is available at www.acaciatechnologies.com
and www.acaciaresearch.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
This news release contains forward-looking statements within the
meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. These statements are based upon
our current expectations and speak only as of the date hereof. Our
actual results may differ materially and adversely from those expressed
in any forward-looking statements as a result of various factors and
uncertainties, including the recent economic slowdown affecting
technology companies, our ability to successfully develop products,
rapid technological change in our markets, changes in demand for our
future products, legislative, regulatory and competitive developments
and general economic conditions. Our Annual Report on Form 10-K,
recent and forthcoming Quarterly Reports on Form 10-Q, recent Current
Reports on Forms 8-K and 8-K/A, and other SEC filings discuss some of
the important risk factors that may affect our business, results of
operations and financial condition. We undertake no obligation to
revise or update publicly any forward-looking statements for any reason.
Acacia Research Corporation
Rob Stewart, Investor Relations
Tel
949-480-8300
Fax 949-480-8301
