Stingray IP Solutions, LLC, a subsidiary of publicly traded Acacia Research Corporation, has filed an Eastern District of Texas suit against ASSA ABLOY (2:24-cv-00159), targeting the support of certain wireless communications standards (i.e., Wi-Fi and ZigBee) within a wide array of devices, including bridges, card readers, gateways, modules, and smart locks, as well as related software products. After multiple strategic shifts, Acacia—in partnership with its majority shareholder Starboard Value—now characterizes itself as “an opportunistic capital platform that purchases businesses based on the differentials between public and private market valuations” but maintains a legacy “Patent Licensing, Enforcement and Technologies Business” that has not “obtain[ed] control of any new patent portfolios” since 2021.