Wine Auction Site Settles Acacia Unit's Patent Suit

Law360, New York (August 18, 2008, 12:00 AM EDT) -- LLC has struck a settlement deal geared toward ending its involvement in a patent case that an Acacia Research Corp. subsidiary brought against five e-commerce companies over a patent related to guaranteed or bonded online auctions.

Monday, Acacia said that WineCommune had entered a settlement and license agreement in the suit Acacia subsidiary TransAuction LLC filed in June, and an attorney for WineCommune confirmed that the deal had taken place.

TransAuction sued WineCommune (an online auction site for buying and selling wine), eBay Inc.,
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