Citadel Strikes Deal In Aldav's Web Radio Patent Suit

Law360, New York (March 5, 2010, 3:17 PM EST) -- Citadel Broadcasting Corp. has agreed to a settlement and licensing deal in a suit brought by Aldav LLC that accused radio giants Clear Channel Communications Inc., CBS Radio Inc. and others of infringing a patent related to Internet radio technology.

In an 8-K filing submitted to the U.S. Securities and Exchange Commission on Thursday, Aldav parent company Acacia Research Corp. revealed the Citadel pact and said that it had resolved litigation in the U.S. District Court for the Eastern District of Texas with respect to Citadel,...
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