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Acacia Subsidiaries Enter into Settlement Agreement with Elite Semiconductor Memory Technology

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Courtesy of Benzinga.

Acacia Research Corporation (Nasdaq: ACTG) announced today that its DRAM Memory Technologies LLC and DRAM Technologies LLC subsidiaries have entered into a settlement agreement with Elite Semiconductor Memory Technology, Inc. regarding patents related to double data rate SDRAM devices. The settlement agreement resolves litigation that was pending in the Central District of California and the Eastern District of Texas.

(c) 2012 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.


For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.

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