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Tentative settlement reached in Luna Innovations suit

By Laurence Hammack Luna Innovations Inc. has reached a tentative settlement that would reduce a $36.3 million jury verdict to a sum that no longer endangers the Roanoke-based company. The high-tech firm and Hansen Medical Inc. "have developed a framework for settlement," attorneys on both sides of the case wrote in a letter Thursday to bankruptcy court Judge William Stone. Although terms of the preliminary settlement were not made public, it appears to offer Luna an escape route from a potentially crushing loss in a trade secrets lawsuit. In order to continue reading this interesting article from Roanoke, click here.

Full post as published by The Trade Secrets Vault on September 27, 2009 (boomark / email).