Acacia Research (ACTG) Unit Enters Patent Settlement with Ritek Corp.

May 1, 2012 7:08 AM EDT
Acacia Research Corporation (Nasdaq: ACTG) reports that its wholly owned subsidiary, Optical Memory Storage LLC, has entered into a settlement and license agreement with Ritek Corporation covering a portfolio of patents that apply to optical memory storage solutions.

This settlement agreement resolves patent litigation Civil Action No. 2:11-cv-12566-PDB-MJH that was pending in the United States District Court for the Eastern District of Michigan.

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