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Acacia Research Corporation
Acacia Subsidiary Licenses Fraud Protection Technology to Full Spectrum
July 12th, 2008
Acacia Research Corporation (Nasdaq:ACTG) announced that its subsidiary, Credit Card Fraud Control Corporation, has entered into a non-exclusive patent license and settlement agreement with Full Spectrum Telecommunications, Inc. covering a patent that applies to fraud protection technology. This resolves a dispute between the parties, Case No. 2:08-cv-06-DF that was pending before the United States District Court for the Eastern District of Texas. This 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...
Source: Law & Health Weekly (2008-07-12)
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