Courtesy of Benzinga.
Acacia Research Corporation’s (Nasdaq: ACTG) subsidiary, Lighting Ballast Control LLC, received a $4.5 million final judgment stemming from its June 17th, 2011 trial verdict and corresponding $3 million damages award in its patent lawsuit with Universal Lighting Technologies.
In the final judgment, signed on August 25th, 2011, the District Court for the Northern District of Texas found that the inventor of the patent-in-suit acted diligently in contacting Acacia to seek “an effective means to challenge a host of large, wealthy corporations, having already put such corporations on notice regarding his infringement contentions.”
