Brief: Acacia Research Says Internal Probe Confirmed Ex-CEO Clifford Press Gave Inaccurate Info About Corporate Expenses
03/02/2023 22:11
Feb 3 (Reuters) - Acacia Research Corp ACTG.O :
* ACACIA RESEARCH-INTERNAL PROBE CONFIRMED EX-CEO CLIFFORD
PRESS
GAVE INACCURATE INFO ABOUT CORPORATE EXPENSES, MISUSED CORPORATE
FUNDS FOR PERSONAL USE
* ACACIA RESEARCH: BASED ON RESULTS OF INTERNAL PROBE
CONCLUDED NO
MATERIAL CHANGES TO CO'S HISTORICAL FINANCIALS/RELATED
DISCLOSURES ARE NECESSARY
* ACACIA RESEARCH - FILED ARBITRATION DEMAND AGAINST PRESS
SEEKING
RESTITUTION, REMEDIES
* ACACIA RESEARCH - ENHANCED TRAVEL & ENTERTAINMENT POLICY,
CONSIDERING ADDITIONAL MEASURES FOR INTERNAL POLICIES
Further company coverage: ACTG.O
((Reuters.Briefs@thomsonreuters.com;))
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