Acacia Research sub loses patent litigation with Microsoft
Acacia Research Corp.’s (Nasdaq: ACTG) subsidiary, Computer Acceleration Corp., said this morning that the District Court for the Eastern District of Texas ruled against Acacia in its patent infringement trial with Microsoft Corp. (Nasdaq: MSFT), finding that the patent-in-suit was not “infringed” and “invalid.”
Acacia Research’s subsidiaries develop, acquire and license patented technologies. Acacia Research’s subsidiaries control 84 patent portfolios.
Shares of Acacia Research (ACTG) spiraled down 23.73%, or $4.07, to $13.08 in pre-market trading. Shares of Acacia Research have been trading in the range of $10.87 to $17.92 for the past 52 weeks.
