Acacia Unit Files Suit Over Fraud Protection Patent

Law360, New York (September 18, 2007, 12:00 AM EDT) -- A unit of patent-holding company Acacia Research Corp. has filed a patent infringment suit against 11 U.S. retailers over a system meant to protect financial transactions from fraud.

In a complaint filed Monday in the U.S. District Court for the Northern District of Texas, Financial Systems Innovation LLC and patent owner Paul N. Ware claimed that retail companies such as CompUSA Inc., Barney’s Inc., Big Lots Stores Inc. and Safeway Inc. have infringed on the patent titled “Personal universal identity card system for failsafe interactive financial...
To view the full article, register now.