Acacia Subsidiary Enters into Settlement Agreement Regarding Credit Card Fraud Protection Technology with Old Comp Inc.

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 Old Comp Inc. This resolves a dispute that was pending before the United States District Court for the Northern District of Georgia concerning Old Comp Inc.



The expired patent asserted in this litigation generally relates to a computerized system for protecting merchants 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 indentifies each transaction processed within the system.



ABOUT ACACIA RESEARCH CORPORATION

Acacia Research’s subsidiaries partner with inventors and patent owners, license the patents to corporate users, and share the revenue. Acacia Research’s subsidiaries control over 140 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.

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