How to fix "Licensing for this product has stopped working - Error 150:30"?

I cannot pen PSE or Bridge. It get the message "Licensing for this product has stopped working - Error 150:30".
I assume it is because I recently upgraded my Mac to Yosemite.
What do I need to do to be able to open PSE again?
Thank you.

Thank you. I appreciate your tips. I tried solution 5 and it doesn't work.
The rest is essentially gibberish to a basic user like myself. I have
neither the expertise nor the confidence to go into these folders and start
mucking around in there. Can I please have someone call me and guide
through the necessary steps. My number is 06 46 40 94 39 (Location: France).
Cheers.
Michel Payen-Dumont & Nancy Feyerer
www.gaulejac.blogspot.com
Tél.: 05 53 50 72 80
M: 06 46 40 94 39
N: 06 45 29 59 40

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