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Acacia (ACTG) Agrees For Settlement With Maker Of Cochlear Implants, Siemens Industry

 December 24, 2012 07:49 AM
 


(By Balaseshan) Acacia Research Corp. (NASDAQ: ACTG), which acquires, develops, licenses and enforces patented technologies, said its unit has entered into settlement agreement with maker of Cochlear Implants.

Adaptive Sonics LLC has entered into a settlement agreement with Cochlear Ltd. and Cochlear Americas Corp. The settlement agreement resolves litigation that was pending in the United States District Court for the Eastern District of Texas.

In a separate release, the company said its Criminal Activity Surveillance LLC subsidiary has entered into a settlement agreement with Siemens Industry Inc. covering a patent directed to video analytics used in the field of security. This agreement resolves litigation that was pending in the United States District Court for the Eastern District of Texas.

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

On December 21, a subsidiary of Acacia have entered into a patent licensing alliance with TeleCommunication Systems Inc. (NASDAQ: TSYS), whereby the Acacia subsidiary has acquired the rights to a portion of TSYS' wireless data synchronization & data transfer patent portfolio.

On December 14, the company's 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.

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

On December 13, 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.

On December 11, 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.

ACTG closed Friday's regular session down 2.38% at $24.17. The stock has been trading between $19.86 and $44.98 for the past 52 weeks.

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