Editor's Note: They've been busy already this year. On February 2nd, they Acquired Rights To Patents for Portable Credit Card Processing Technology.
Last week they won a $12.4 judgment against Yahoo for patent infringement.
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Acacia Research Corporation (Nasdaq: ACTG) announced today 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.
ABOUT ACACIA RESEARCH CORPORATION
Acacia Research’s subsidiaries develop, acquire, and license patented technologies. 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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