Acacia Research, Aerogroup reach settlement
Acacia Research subsidiary, Aerogroup Retail reach settlement on patent
- On 12:48 pm EDT, Monday September 28, 2009
NEWPORT BEACH, Calif. (AP) -- An Acacia Research Corp. subsidiary has reached a settlement with Aerogroup Retail Holdings Inc. on a patent dispute related to credit card fraud protection technology.
Terms of the settlement were not disclosed.
The patent dealt with a computer system used to protect retailers and shoppers during their credit card, check card and debit transactions.
Shares of Acacia Research, which buys and licenses patents, added 13 cents to $8.83 in afternoon trading.
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