Acacia Subsidiary Enters Into Settlement Agreement Regarding Credit Card Fraud Protection...

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Thu Apr 10, 2008 6:00am EDT

Acacia Subsidiary Enters Into Settlement Agreement Regarding Credit Card Fraud Protection Technology With Mothers Work

NEWPORT BEACH, Calif.--(Business Wire)--
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 Mothers Work, Inc. This resolves a
dispute that was pending before the United States District Court for
the Northern District of Georgia.

   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 93
patent portfolios, which include U.S. patents and certain foreign
counterparts, 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, 949-480-8300
Fax: 949-480-8301

Copyright Business Wire 2008
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