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Biolitec

Federal judge rules AngioDynamics may sue Canadian company

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A federal judge has ruled that AngioDynamics (NSDQ:ANGO) may pursue a racketeering lawsuit against Canada-based Clarion Medical Technologies. The Clarion case stems from a decade-long dispute pitting Latham, N.Y.-based AngioDynamics against Austrian medical laser company Biolitec AG. AngioDynamics claims that Clarion laundered Biolitec group products to conceal revenues and prevent Biolitec from paying a $75 […]

Biolitec faces $1m in fines for stalling AngioDynamics settlement

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Biolitec is facing monthly fines and sanctions that could cost as much as $1 million total for interfering with AngioDynamics (NSDQ:ANGO) attempt to collect on a $75 million judgement related to an older patent dispute, according to court documents. Germany-based Biolitec was given until April 15 to provide answers to discovery requests. The company was ordered […]

AngioDynamics wins Round 5 against Biolitec

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The First Circuit U.S. Court of Appeals has denied Biolitec‘s fifth appeal of a $70 million contempt order, saying that the company essentially copied-and-pasted arguments from a previous appeal. The ruling is part of a long-running spat with AngioDynamics (NSDQ:ANGO). In 2014, Judge Michael Ponsor of the U.S. District Court for Massachusetts slapped Biolitec with a […]

Appeals court denies Biolitec in Angiodynamics spat

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The 1st Circuit Court last week denied German medical laser maker Biolitec‘s (ETR:BIB) challenge to a Massachusetts federal court ruling which found for AngioDynamics (NSDQ:ANGO) and set possible contempt sanctions against Biolitec. The ruling is the most recent in a long-running spat between the 2 companies. Biolitec reportedly violated a preliminary injunction and appealed the resulting civil […]

Biolitec loses Supreme Court bid to overturn $75m contempt ruling

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German medical laser maker Biolitec (ETR:BIB) today lost its bid to have the U.S. Supreme Court review an appeals court decision upholding a $75 million contempt penalty in its longtime legal dispute with  AngioDynamics (NSDQ:ANGO). Judge Michael Ponsor of the U.S. District Court for Massachusetts slapped Biolitec with a $75 million contempt ruling last year, after finding that it deliberately […]

Biolitec takes $75m AngioDynamics beef to the Supremes

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German medical laser maker Biolitec (ETR:BIB) asked the U.S. Supreme Court this month to review an appeals court decision upholding a $75 million contempt penalty in its longtime legal dispute with  AngioDynamics (NSDQ:ANGO). Judge Michael Ponsor of the U.S. District Court for Massachusetts slapped Biolitec with a $75 million ruling last year, after finding that it deliberately effected a so-called […]