NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Acacia Research Corporation (Nasdaq:ACTG) announced today that David Rosmann has joined the Acacia Research Group LLC as Senior Vice President.
Acacia’s CEO, Paul Ryan, commented, “Mr. Rosmann has successfully managed some of the most important patent licensing and enforcement programs of the last decade. He will be a great addition to Acacia’s management team as we continue to build the country’s leading patent licensing company.”
Mr. Rosmann was formerly Vice President, Intellectual Property Litigation with Broadcom Corporation. During his ten years at Broadcom, David was the executive attorney in charge of I.P. litigation. He developed and executed Broadcom’s legal strategy to successful conclusions including large-scale patent disputes with Intel Corporation, ST Microelectronics, LSI Corporation, National Semiconductor and Agere.
Mr. Rosmann strategized and managed the recent patent, antitrust and trade secret battles against Qualcomm Corporation which involved litigation in jurisdictions across the United States, Europe and Asia that resulted in multiple winning jury verdicts and payments to Broadcom in excess of one billion dollars.
Mr. Rosmann began his legal career as an attorney with Irell & Manella LLP in the High Technology/Intellectual Property Group, where he represented Broadcom on I.P. and litigation matters as an outside attorney.
Mr. Rosmann holds a Bachelor of Science Engineering Science and Mechanics/Biomedical Engineering from Iowa State University, a Master of Science Electrical Engineering from the University of Southern California and a J.D. from the Loyola Law School, Los Angeles.
ABOUT ACACIA RESEARCH CORPORATION
Acacia Research Corporation’s subsidiaries partner with inventors and patent owners, license the patents to corporate users, and share the revenue. Acacia Research Corporation’s subsidiaries control over 190 patent portfolios, covering technologies used in a wide variety of industries.
Information about Acacia Research Corporation and its subsidiaries is available at www.acaciaresearchgroup.com and www.acaciaresearch.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This news release may contain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such statements, including those related to Mr. Rosmann’s employment and impact therefrom, are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including Mr. Rosmann’s continued employment and his ability to expand our business in the medical technology area, the recent economic slowdown affecting technology companies, our ability to successfully develop products, rapid technological change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. Our Annual Report on Form 10-K, recent and forthcoming Quarterly Reports on Form 10-Q, recent Current Reports on Forms 8-K and 8-K/A, and other SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.