Elekta, Varian settle trade theft, rep-poaching lawsuit

August 13, 2013 by Brad Perriello

Rival radiological device makers Elekta and Varian Medical settle a lawsuit accusing the Swedish company of poaching sales reps and trade secrets from Varian.

Elekta, Varian settle trade theft, rep-poaching lawsuit
Elekta, Varian settle trade theft, rep-poaching lawsuit

Elekta (STO:EKTA B) and Varian Medical Systems (NYSE:VAR) settled a lawsuit accusing the Swedish medical device company of stealing trade secrets when it poached sales reps from its U.S. rival Varian.

Varian sued Elekta last year in a Texas state court, accusing the Stockholm-based radiological device maker of swiping proprietary information when it lured a pair of sales reps away from Palo Alto-based Varian.

Today, alongside its annual report, Elekta said that the legal spat between the arch-rivals "has been resolved by mutual agreement by the parties."

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Elekta's director of investor relations, Johan Andersson, declined further comment. Varian representatives did not immediately return emails seeking comment.

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