Danaher Sues Over Soured $72M Merger With Analysis Co.

Law360, Los Angeles (January 7, 2014, 9:50 PM EST) -- Danaher Corp. on Tuesday launched a $14 million suit in New York state court against the shareholder representative at X-Ray Optical Systems Inc., a company it acquired for $72 million in 2011, for failing to insure it against losses after XOS' premiere product failed.

Danaher says David Gibson, the shareholder representative at XOS, should release the money placed in escrow as part of the deal, then take the rest of the funds from the shareholders to pay Danaher for losses it says it suffered when XOS...
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