Key Developments: Acacia Research Corporation (ACTG.O)
8.17USD
9 Feb 2010
$0.24 (+3.03%)
$8.17
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$8.24
$8.05
96,823
144,262
$9.75
$2.14
Latest Key Developments
Acacia Research Corporation's Subsidiary Enters into Settlement Agreements Subsidiary Enters into Settlement Agreements
Acacia Research Corporation announced that its Financial Systems Innovation LLC subsidiary has entered into settlement agreements covering a patent that applies to credit card fraud protection technology with Diesel USA, Inc. and Gymboree Retail Stores, Inc. This resolves a dispute that was pending before the United States District Court for the Northern District of Georgia concerning the companies listed above. 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.
The Simon Law Firm Announces Enhanced Damages for Acacia Research Corporation's Creative Internet Advertising Corp. in Suit Against Yahoo! Inc.
The Simon Law Firm announced that on February 1, 2010, a federal judge awarded Acacia Research Corporation subsidiary Creative Internet Advertising Corp., enhanced damages and prejudgment and post judgment interest on a $6.8 million award in a patent infringement trial with Yahoo! Inc. The civil suit, Creative Internet Advertising Corporation v. Yahoo! Inc., et al., cause no. 6:07cv354, pending in the U.S. District Court for the Eastern District of Texas, Tyler Division, alleges that Yahoo! Inc.`s messenger program with IMVironments infringed United States patent no. 6,205,432 (the 432 patent), both literally and under the Doctrine of Equivalents. In May 2009 the jury awarded damages in the amount of $6,625,584. The jury also unanimously concluded that Yahoo! Inc.`s infringement of the `432 patent was willful. Because infringing sales took place after the verdict date, CIAC was entitled to add $185,694, increasing the total damages to $6,811.278. On February 1, 2010, U.S. Magistrate Judge John D. Love concluded that Yahoo`s willful violation merited a two-thirds enhancement of the damages award, or $4,540,852, bringing the total damages to $11,352,130. The court also concluded that CIAC was entitled to prejudgment interest in the amount of $1,110,161 and post judgment interest.
Acacia Research Corporation's Subsidiary Enters Into Settlement Agreement With Zhone Technologies, Inc.
Acacia Research Corporation announced that its Network Gateway Solutions LLC subsidiary has entered into a settlement agreement with Zhone Technologies, Inc. This agreement resolves patent litigation that was pending in the United States District Court for the District of Delaware.
Acacia Research Corporation's Creative Internet Advertising Corporation Receives Final Judgment Of $12.4 Million In Patent Infringement Case Against Yahoo! Inc.
Acacia Research Corporation's Creative Internet Advertising Corporation, announced that it has received a $12.4 million final judgment stemming from its May 15, 2009 trial verdict and corresponding $6.6 million damages award in its patent lawsuit with Yahoo! Inc. In the final judgment, signed on February 1st, 2010, the District Court for the Eastern District of Texas awarded enhanced damages for willful infringement of $4.5 million. The District Court also awarded prejudgment interest of $1.1 million as well as supplemental damages bringing the total award to approximately $12.4 million. In addition, the District Court`s final judgment awarded a post-verdict ongoing royalty rate of 23% for all of Yahoo`s IMVironments sales. On May 15, 2009, a federal court jury decided that Yahoo! Inc.`s messenger program with IMVironments infringes United States Patent Number 6,205,432 both literally and under the Doctrine of Equivalents.
Acacia Research Corporation's Subsidiary Acquires Rights To Patents For Portable Credit Card Processing Technology
Acacia Research Corporation announced that a subsidiary has acquired the rights to patents for portable credit card processing technology. The terms of the acquisition were not disclosed.
Acacia Research Corporation' Subsidiary Acquires Rights To Patents For Information Portal Software Technology
Acacia Research Corporation announced that a subsidiary has acquired the rights to patents for information portal software technology. The patented technology generally relates to customizable user interfaces presenting information from a variety of sources and can be used in public, private enterprise, and consumer portals
Acacia Research Corporation's Subsidiary Acquires Patents For Medical Devices Using Shape Memory Alloys
Acacia Research Corporation announced that a subsidiary has acquired patents for medical devices using shape memory alloys. The patented technology generally relates to using shape memory alloys such as Nitinol to fabricate medical devices that utilize the memory effect and/or superelasticity of the alloy. The technology can be used to improve cardiovascular and endoscopic procedures such as embolic protection (inferior vena cava filters, carotid filters, etc.) and kidney stone retrieval.
Acacia Research Corporation' Subsidiary Enters into Settlement and License Agreement With Microsoft Corporation
Acacia Research Corporation announced that its Webmap Technologies LLC subsidiary has entered into a settlement and license agreement resolving litigation with Microsoft Corporation. The agreement resolves patent litigation, Civil Action Case No. 09-C-104-C, pending in the United States District Court for the Eastern District of Texas.
Acacia Research Corporation' Subsidiary Acquires Rights To Patent For Intraluminal Device Technology
Acacia Research Corporation announced that a subsidiary has acquired the rights to a patent for intraluminal device technology. This patented technology generally relates to securing intraluminal devices, such as stent grafts, in the body.
Acacia Research Corporation' Subsidiary Enters Into Settlement And License Agreement With Microsoft Corp.
Acacia Research Corporation announced that its Freyburger LLC subsidiary has entered into a settlement and license agreement resolving litigation with Microsoft Corp. The agreement resolves patent litigation, Civil Action Case No. 09-C-104-C, pending in the United States District Court for the Western District of Wisconsin. This patented technology generally relates to software compilers.
PRESS DIGEST-Australian Business News - Mar 27
Compiled for Reuters by Media Monitors. Reuters has not verified these stories and does not vouch for their accuracy.
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