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Trade News Corporation Files Legal Action Against Acacia.

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Trade News Corporation, N.V. ("TNC") has filed an action for preliminary injunction against Acacia Media Technologies Corporation (US:ACTG; "Acacia") and a Demand for Arbitration seeking damages and other relief on multiple counts pursuant to a written agreement between the parties. The controversy concerns Acacia's alleged breach of the confidentiality provisions of that agreement as well as Acacia's alleged misrepresentations about the terms of the agreement.

On August 1, 2003, the date the action was filed, the Superior Court of the State of California for the County of Los Angeles, Central District scheduled a hearing and ordered Acacia to show cause as to why it should not be restrained and enjoined pending trial of the action from (1) further publicizing the terms or existence of its agreements with TNC; (2) using trade names or marks owned by TNC, including CE Cash and Cybererotica in any communications seeking to induce third parties to enter into patent licensing or royalty agreements; and (3) misrepresenting that it has entered into licensing or royalty agreements with CE Cash or Cybererotica.
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Publication:Business Wire
Date:Aug 6, 2003
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