Acacia Subsidiary Enters into Settlement and License Agreement with Fraen Corporation - MarketWatch

NEWPORT BEACH, Calif., Jun 24, 2011 (BUSINESS WIRE) -- Acacia Research Corporation ACTG -1.09% announced today that its subsidiary Light Transformation Technologies LLC has entered into a settlement and license agreement with Fraen Corporation. This agreement resolves patent litigation that was pending in the United States District Court for the Eastern District of Texas.