Acacia Subsidiary, SPG Solutions Resolve Patent Dispute

(financialwire.net via COMTEX) -- ACTG | Quote | Chart | News | PowerRating -- June 30, 2008 (FinancialWire) Credit Card Fraud Control Corp., a subsidiary of Acacia Research Corp. (NASDAQ: ACTG | Quote | Chart | News | PowerRating) (Current Market Cap. US$132.73 Mil.), has entered into a non-exclusive patent license and settlement agreement with SPG Solutions LLC covering a patent that applies to fraud protection technology. This resolves a dispute between the parties that was pending before the United States District Court for the Eastern District of Texas.

The patented technology generally relates to methods for determining and preventing fraud when using telephonic, computer network, or other communication services to complete a sale. The claims cover methods for preventing fraud during the purchase of services for entertainment or technical support. These methods help protect vendors from credit card charge-backs and help protect consumers whose credit card numbers may have been stolen.

Acacia Research's subsidiaries develop, acquire, and license patented technologies. Acacia Research's subsidiaries control 95 patent portfolios, which include U.S. patents and certain foreign counterparts, covering technologies used in a wide variety of industries.

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