Acacia Research Investors May Have Legal Claims – ACTG
Date09 Feb 2023//
CategoriesBlog, Shareholder Investigations
Acacia Research Investors Who Have Held Acacia Stock (NASDAQ: ACTG) Since At Least January 2022 Encouraged to Contact Kehoe Law Firm, P.C. – Breach of Fiduciary Duties Investigation
Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Acacia Research Corporation (“Acacia” or “Acacia Research”) (NASDAQ: ACTG) breached their fiduciary duties to Acacia and its shareholders.
The investigation primarily concerns issues arising from Acacia’s recapitalization agreement with Starboard Value LP, entered on October 30, 2022; the claimed “resignation” two days later of Acacia’s former CEO; and certain actions taken since that time that appear to be more favorable to Starboard than Acacia’s shareholders.