NEWPORT BEACH, Calif. (AP) - Acacia Research Corp., which develops, acquires
and licenses patented technologies, said Monday one of its subsidiaries signed a
retroactive licensing agreement with Polo Ralph Lauren Corp.
The agreement between the apparel maker and Financial Systems Innovation LLC
covers a patent for a computerized system meant to protect retailers and
consumers against credit card fraud.
The system includes an electronic card reader and generates a transaction
number that identifies each transaction processed in the system.
Acacia said the agreement resolves a dispute pending before the U.S.
District Court for the Northern District of Georgia.
Financial terms of the agreement were not disclosed.
Acacia shares rose 12 cents to $9.38 in morning trading. Polo Ralph Lauren
shares rose 43 cents to $65.02.
Copyright 2007 Associated Press. All rights reserved. This material may not be
published, broadcast, rewritten, or redistributed.
|