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Intellectual Property Law

: The Trade Secrets Vault

Hansen Medical Settles Lawsuit

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By Meera Venu Hansen Medical HNSN reported Friday that it settled a lawsuit with Luna Innovations LUNA regarding a contract breach and trade secrets. According to the terms of the agreement, Luna will pay Hansen $5 million in a promissory note over four years and issue shares equal to 10% of its shares. Hansen, along with fellow robotic device firm Intuitive Surgical ISRG , will gain access to Luna's fiber-optic shape sensing and localization technology, which could improve the navigational capabilities of the Sensei platform. To read the totality of this news article from The Toronto Star, click here.

Full post as published by The Trade Secrets Vault on December 15, 2009 (boomark / email).

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