ACACIA SUBSIDIARY ENTERS INTO SETTLEMENT AND LICENSE AGREEMENT WITH OCLARO, INC.
Newport Beach, Calif. – (BUSINESS WIRE) September 17, 2013 – Acacia Research Corporation (Nasdaq: ACTG) announced today that its Labyrinth Optical Technologies LLC subsidiary has entered into a settlement and license agreement with Oclaro, Inc. This agreement resolves patent litigation that was pending in the United States District Court for the Northern District of California.
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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.