With mere hours left in the new year, things between Acacia Research and its former chief executive have apparently gotten dirty.
Acacia Research Corp., a company that buys other companies, and its former chief executive are in a fight that involves allegations of potential misuse of corporate money.
Press in October said he was retiring from Acacia, leaving the company and its board on Nov. 1. In a filing later in November, Acacia said Press’s departure “was not due to any disagreement with the Company on any matter relating to its operations, policies, practices or otherwise known to any executive officer of the Company.”
Acacia said they notified Press’ representatives of those early findings over the past several weeks. And the company said they were trying to work out a severance package that “subtracted monies owed to the Company.”
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