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Acacia Research (ACTG) Agrees For License And Settlement With The Playforge, Saban

 December 14, 2012 07:15 AM
 


(By Balaseshan) Acacia Research Corp. (NASDAQ: ACTG) said its Gametek LLC subsidiary has entered into a license and settlement agreement with The Playforge LLC, Playforge Games LLC, Playforge Games II LLC, Saban Brands LLC and Saban Properties LLC.

This agreement resolves litigation that was pending in the United States District Court for the Southern District of California.

On Thursday, Acacia's Unified Messaging Solutions LLC subsidiary has entered into a license and settlement agreement with Where Are You Now? Ltd. This agreement resolves litigation that was pending in the United States District Court for the District of Delaware.

[Related -U.S. Veto On Apple (AAPl) Ban Can Hurt Patent Holding Companies]

On Tuesday, Acacia's Unified Messaging Solutions, LLC subsidiary has entered into a license and settlement agreement with Discover Financial Services. This agreement resolves litigation that was pending in the United States District Court for the Northern District of Illinois.

On December 7, Acacia's Unified Messaging Solutions LLC unit has entered into a license and settlement agreement with Plentyoffish Media Inc. This agreement resolves litigation that was pending in the United States District Court for the District of Delaware.

On December 5, Acacia said a subsidiary has acquired patents for Micro-Location Technology.

On December 3, Acacia's Unified Messaging Solutions LLC unit has entered into a license and settlement agreement with Doostang Inc. This agreement resolves litigation that was pending in the United States District Court for the Northern District of Illinois.

[Related -Futures Down After Lukewarm Tech Earnings; Microsoft Corporation (MSFT) Falls 7 Pct]

Acacia, through its operating subsidiaries, acquires, develops, licenses and enforces patented technologies. The company's operating subsidiaries generate revenues and related cash flows from the granting of rights for the use of patented technologies, which its operating subsidiaries own or control.

The company's operating subsidiaries assist patent owners with the prosecution and development of their patent portfolios, the protection of their patented inventions from unauthorized use, the generation of licensing revenue from users of their patented technologies and, if necessary, with the enforcement against unauthorized users of their patented technologies.

ACTG closed Thursday's regular session down 2.82% at $23.74. The stock has been trading between $19.86 and $44.98 for the past 52 weeks.

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