Error "Licensing has stopped working" | Mac OS

Solution 1: Delete the FlexNet Publisher preferences folder

Quit all Adobe applications.
On your startup disk, locate and delete the following folder:

[hard drive]/Library/Preferences/FlexNet Publisher/
• Important: The path above points to the Library folder at the root of your startup disk, not the Library folder in your user home folder.
• Important: Apple made the user library folder hidden by default with the 10.7 release. If it's necessary to access these files to perform Adobe-related troubleshooting, use the instructions in the following document make the user library content visible: Access hidden user library files | Mac OS 10.7 Lion
Enter your password if asked to authenticate the folder deletion.
Start your Adobe applications.  
 
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