Acacia Subsidiary Enters into Settlement and Patent License Agreement with PNC Bank, N.A.

 

Newport Beach, Calif. – (BUSINESS WIRE) March 31, 2014 – Acacia Research Corporation (NASDAQ: ACTG) announced today that its Unified Messaging Solutions LLC subsidiary has entered into a settlement agreement with PNC Bank, N.A. The agreement resolves litigation that was pending in the United States District Court for the Northern District of Illinois.

Founded in 1993, Acacia Research Corporation (NASDAQ: ACTG) is the industry leader in patent licensing. An intermediary in the patent marketplace, Acacia partners with inventors and patent owners to unlock the financial value in their patented inventions.Acacia bridges the gap between invention andapplication, facilitating efficiency and delivering monetary rewards to the patent owner.

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