The highest court in Massachusetts largely denied
Boston Scientific sues rep to claw back $200,000 overpayment | Legal Roundup
Boston Scientific (NYSE:BSX) is suing one of its sales reps in Arizona, seeking to claw back about $200,000 it says it overpaid Michael McCormick last year.
The lawsuit, filed in the U.S. District Court for Minnesota, claims that McCormick tried to resign after the Natick, Mass.-based company approached him with a new employment contract that would have accounted for the snafu.
St. Jude Medical wins $5 million in case against Volcano Corp.
Legal roundup: St. Jude wins; Covidien, Masimo settle; Novartis sues
St. Jude Medical Inc. (NYSE:STJ) declared victory in the latest round of litigation between its subsidiary, LightLab Imaging Inc., and Volcano Corp. (NSDQ:VOLC) subsidiary Axsun Technologies Inc.
Mass. court rejects St. Jude’s trade secret claims against Volcano
Volcano Corp. (NSDQ:VOLC) declared victory in the latest round of a legal battle with St Jude Medical Inc. (NYSE:STJ) subsidiary LightLab Imaging Inc.
The Superior Court of Massachusetts rejected LightLab’s claims for protection of five alleged trade secrets relating to laser technologies and denied all of the coronary imaging firm’s requests for permanent injunctions, according to Volcano.
St. Jude Medical alleges patent infringement, stolen trade secrets
St. Jude Medical Inc. (NYSE: STJ) filed a pair of lawsuits accusing two of its rivals of patent infringement and stealing trade secrets.
St. Jude Medical acquires LightLab for $90 million
By Thomas Lee
St. Jude Medical Inc. (NYSE:STJ) said Tuesday that it completed its $90 million acquisition of LightLab Imaging Inc.
With the purchase, Little Canada, Minn.-based device maker can enter the $500 million coronary imaging market with the new imaging technology optical coherence tomography.
OCT uses near-infrared light to produce high-resolution, real-time images that are clearer and more quickly produced than competing ultrasound technology. LightLab said the resolution of its images are 10 times greater are made 20 times faster than those produced by intravascular ultrasound. Ultrasound technology uses sound instead of light to produce images.
St. Jude Medical to pay $90 million for LightLab Imaging Inc.
By Mary Vanac
St. Jude Medical Inc. (NYSE:STJ) agreed to pay $90 million in cash for Westford, Mass.-based LightLab Imaging Inc.
FDA greenlights LightLab’s new vascular imaging devices
LightLab Imaging Inc. won 510(k) clearance May 3 from the Food & Drug Administration for its C7-XR imaging system and companion C7 Dragonfly imaging catheter.
The devices create a 50-millimeter coronary scan in under three seconds without vessel occlusion, according to a press release, and provide resolution at 15 micrometers, roughly twice the size of a red blood cell.