MicroAire, Arthrex Near Deal In Trade Secrets Suit

Law360, New York (July 14, 2010, 1:25 PM EDT) -- MicroAire Surgical Instruments LLC and rival Arthrex Inc. are nearing a settlement in MicroAire's patent infringement and contract suit accusing Arthrex of making and selling a surgical instrument based on trade secrets misappropriated by a former MicroAire employee.

The parties on Tuesday asked the U.S. District Court for the Western District of Virginia to stay the pretrial schedule for 60 days, saying they were currently engaged in promising settlement negotiations.

The request came the the same day Judge Norman K. Moon, who is overseeing the litigation,...
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