Acacia Research Corp. (ACTG) the patent licensing company run by Executive Chairman Louis Graziadio, said its Nexus Display Technologies LLC subsidiary has entered into a settlement and patent license agreement with ASUSTeK Computer Inc. and its U.S. subsidiary, ASUS Computer International.

Newport Beach, California-based Acacia didn't disclose the terms of the agreement, which resolves litigation that was pending in the U.S. District Court for the Central District of California, Western Division.

Officials from Acacia couldn't be reached for comment.

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