Yahoo Inc (YHOO)
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Acacia Research says it will get $12.4M from Yahoo
NEWPORT BEACH, Calif. (AP) - Acacia Research Corp., a company that buys and licenses patents, said Wednesday that a Texas court has raised the amount of damages it will get from Yahoo Inc. in a patent infringement ruling.
The company said the U.S. District Court for the Eastern District of Texas awarded it $12.4 million in a final judgment this week, up from a $6.6 million ruling last May.
Acacia said the higher figure accounts for willful infringement of its patent, which is related to backgrounds called IMVironments in Yahoo's instant messaging service, as well as interest.
Acacia shares rose 8 cents to $8.71 in afternoon trading, while Yahoo rose 32 cents, or 2.1 percent, to $15.49.
Events
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September142010Yahoo! Inc. Presents at Deutsche Bank Tech Conference, Sep-14-2010
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October192010Yahoo! Inc. expected to report Q3 2010 results on October 19, 2010. This event was calculated by Capital IQ (Created on July 22, 2010).
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November 82010Yahoo! Inc. Presents at PubCon Las Vegas 2010, Nov-08-2010
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November172010Yahoo! Inc. Presents at 2010 Media & Telecommunications Conference, Nov-17-2010
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January252011Yahoo! Inc. expected to report Fiscal Year 2010 results on January 25, 2011. This event was calculated by Capital IQ (Created on July 9, 2010).
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