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T AT&T Inc

16.74
0.16 (0.97%)
27 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
AT&T Inc NYSE:T NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.16 0.97% 16.74 16.88 16.39 16.49 37,808,234 00:51:38

Acacia Research Shares Fall 19% on Patent Case Ruling

21/01/2015 2:44pm

Dow Jones News


AT&T (NYSE:T)
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   By Chelsey Dulaney 
 

Acacia Research Corp. (ACTG) shares plummeted in morning trading Wednesday after a California court ruled against the company in patent-infringement cases involving Apple Inc. (AAPL), Verizon Communications Inc. (VZ), AT&T Inc. (T) and HTC Corp. (2498.TW).

Shares were recently down 18.6% to $13.

Acacia said a California district court found no infringement in the cases on Tuesday. Big tech firms like Apple often face patent-infringement suits involving their products.

Newport Beach, Calif.-based Acacia is a patent-licensing firm that brought in about $130.6 million in revenue in 2013 through 200 patent portfolios. Last week, Acacia settled a patent case with GPS-maker TomTom Inc. (TOM2.AE).

Write to Chelsey Dulaney at chelsey.dulaney@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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