Biolase, Diodem Settle Dispute Over Patent Deal

Law360, New York (October 14, 2008, 12:00 AM EDT) -- Dental laser manufacturer Biolase Technology Inc. has settled a patent lawsuit brought against it by rival Diodem LLC over a 2005 licensing agreement between the parties.

The settlement puts to rest Biolase's alleged obligation to give Diodem $1 million in its stock and to register stock and warrants it gave Diodem at the time of the 2005 agreement, according to Biolase's latest 8-K filing with the U.S. Securities and Exchange Commission on Tuesday.

Under the deal, Biolase will pay Diodem a total of $950,000 in four...
To view the full article, register now.