Shares of Acacia Research Corp (NASDAQ: ACTG) were
trading higher by nearly 10 percent early Thursday morning after the company announced it won a patent case against Apple
Inc. (NASDAQ: AAPL).
Acacia, an industry leader in patent licensing, said in a press release Thursday morning that its subsidiary, Cellular
Communications Equipment, received a jury verdict in a patent case against Apple.
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The jury in the District Court for the Eastern District of Texas found that the company's Patent No. 8,055,820 was valid and infringed by Apple. The jury granted Cellular
communications an award of $22.1 million.
Even though the company announced its patent win Thursday morning, a spokesperson for the company confirmed with Benzinga
Wednesday evening that it has "won a patent trial against Apple this afternoon" and it will provide a press release with details
shortly.
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