Acacia Subsidiaries Enter into Settlement Agreement with Toshiba Corporation
NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Acacia Research Corporation (NAS: ACTG) announced today that its Advanced Data Access LLC subsidiary, its Smart Memory Solutions LLC subsidiary and its Smart Foundry Solutions LLC subsidiary have entered into a settlement agreement with Toshiba Corporation. This agreement resolves litigation that was pending in the United States District Court for the Eastern District of Texas, the United States District Court for the Northern District of California and United States District Court for the Central District of California.
ABOUT ACACIA RESEARCH CORPORATION
Acacia Research Corporation's subsidiaries partner with inventors and patent owners, license the patents to corporate users, and share the revenue. Acacia Research Corporation's subsidiaries control over 250 patent portfolios, covering technologies used in a wide variety of industries.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This news release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.Such 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 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
Adam Handelsman, President & Founder
KEYWORDS: United States North America California Texas
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