• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Advertise
  • Subscribe

MassDevice

The Medical Device Business Journal — Medical Device News & Articles | MassDevice

  • Latest News
  • Technologies
    • Artificial Intelligence (AI)
    • Cardiovascular
    • Orthopedics
    • Neurological
    • Diabetes
    • Surgical Robotics
  • Business & Finance
    • Wall Street Beat
    • Earnings Reports
    • Funding Roundup
    • Mergers & Acquisitions
    • Initial Public Offering (IPO)
    • Legal News
    • Personnel Moves
    • Medtech 100 Stock Index
  • Regulatory & Compliance
    • Food & Drug Administration (FDA)
    • Recalls
    • 510(k)
    • Pre-Market Approval (PMA)
    • MDSAP
    • Clinical Trials
  • Special Content
    • Special Reports
    • In-Depth Coverage
    • DeviceTalks
  • Podcasts
    • MassDevice Fast Five
    • DeviceTalks Weekly
    • OEM Talks
      • AbbottTalks
      • Boston ScientificTalks
      • DeviceTalks AI
      • IntuitiveTalks
      • MedtechWOMEN Talks
      • MedtronicTalks
      • Neuro Innovation Talks
      • Ortho Innovation Talks
      • Structural Heart Talks
      • StrykerTalks
  • Resources
    • About MassDevice
    • DeviceTalks
    • Newsletter Signup
    • Leadership in Medtech
    • Manufacturers & Suppliers Search
    • MedTech100 Index
    • Videos
    • Webinars
    • Whitepapers
    • Voices
Home » St. Jude Medical wins $5 million in case against Volcano Corp.

St. Jude Medical wins $5 million in case against Volcano Corp.

February 14, 2011 By MassDevice staff

STJ, VOLC

UPDATED 2/14/2011 1:45:00 p.m.

A Massachusetts judge handed St. Jude Medical Inc. (NYSE:STJ) a $5.1 million win in a long-running legal battle with Volcano Corp. (NSDQ:VOLC) involving two of their subsidiaries.

St Jude’s LightLab Imaging Inc. unit, acquired last year, won $600,000 in damages and $4.5 million in legal fees from would-be Volcano pick-up Axsun Technologies Inc. Judge Margaret Hinkle of the Mass. Superior Court wrapped up three trials (including a jury trial) in her final decision, finding San Diego, Calif.-based Volcano and Billerica, Mass.-based Axsun guilty of breaching certain terms of a development and supply contract between the Bay State firms and of "misappropriation of trade secrets," according to court documents.

Little Canada, Minn.-based St. Jude bought Westford, Mass.-based LightLab for $90 million last summer.

Hinkle’s decision also bars Volcano from finalizing its acquisition of Axsun, which it moved to buy out in 2008, until April 2014. But the judge denied LightLab’s move for an injunction against Axsun, as per a ruling issued in October 2010 rejecting claims for protection of five alleged trade secrets relating to laser technologies. In February 2010, the jury trial concluded with a finding that Axsub violated its contract with LightLab to supply tunable lasers to LightLab for its optical coherence tomography (OCT) imaging system until 2016.

Volcano president and CEO Scott Huennekens said his company is happy to put the two-year case in its rear-view mirror.

"After two-plus years of litigation, we are gratified by the court’s decision," Huennekens said. "With LightLab’s trade secret allegations now behind us, we will continue to focus our energy on developing key products that improve patient care."

And Volcano was quick to point out that the $5.1 million hit it’s taking could be a lot worse — LightLab initially sought more than $200 million in damages and $8.9 million in legal fees, according to a Volcano press release.

St. Jude touted the judge’s decision as a legal safeguard for its business interests.

“St. Jude Medical is pleased the court ruled in favor of LightLab and that key technology used in our [OCT] product platform is further protected from the inappropriate and unlawful conduct that was being orchestrated by Volcano and Axsun Technologies,” a company spokeswoman said in an email.

Filed Under: Legal News, News Well Tagged With: LightLab Imaging, stjudemedical, Volcano Corp.

More recent news

  • Medtronic earns CE mark for redo TAVI procedure
  • Natus Neuro launches BrainWatch AI-driven, point-of-care EEG
  • Boston Scientific has positive real-world Acurate Prime TAVI data
  • Johnson & Johnson MedTech launches ultrasound catheter for imaging in cardiac ablation procedures
  • Onward reports more successful BCI implants

Primary Sidebar

“md
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest med device regulatory, business and technology news.

DeviceTalks Weekly

See More >

MEDTECH 100 Stock INDEX

Medtech 100 logo
Market Summary > Current Price
The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing.
MDO ad

Footer

MASSDEVICE MEDICAL NETWORK

DeviceTalks
Drug Delivery Business News
Medical Design & Outsourcing
Medical Tubing + Extrusion
Drug Discovery & Development
Pharmaceutical Processing World
MedTech 100 Index
R&D World
Medical Design Sourcing

DeviceTalks Webinars, Podcasts, & Discussions

Attend our Monthly Webinars
Listen to our Weekly Podcasts
Join our DeviceTalks Tuesdays Discussion

MASSDEVICE

Subscribe to MassDevice E-Newsletter
Advertise with us
About
Contact us

Copyright © 2025 · WTWH Media LLC and its licensors. All rights reserved.
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media.

Privacy Policy