Acacia Research Corporation Stock - Investors Who Have Held Acacia Stock Since At Least January 2022 Encouraged to Contact Kehoe Law Firm, P.C. - ACTG

New York, New York--(Newsfile Corp. - February 17, 2023) - Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Acacia Research Corporation ("Acacia") (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.

Moreover, the recapitalization agreement allowed Starboard to acquire a controlling stake at a significant discount of $5.25 per share. Thus, Acacia shareholders may have been deprived of additional value that Starboard should have paid to obtain a controlling stake.

ACACIA INVESTORS OF WHO HAVE HELD ACACIA STOCK SINCE AT LEAST JANUARY 2022 ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C. AND PROVIDE DETAILS OF THEIR SECURITIES.

SHAREHOLDERS OF ACACIA WHO HAVE HELD THEIR STOCK SINCE AT LEAST JANUARY 2022 ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, MYARNOFF@KEHOELAWFIRM.COM, INFO@KEHOELAWFIRM.COM, TO LEARN MORE ABOUT THE INVESTIGATION OR POTENTIAL LEGAL CLAIMS.

Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary, plaintiff-side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm, P.C. have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/155260