Vision Companies Settle Patent Dispute

Law360, New York (July 11, 2006, 12:00 AM EDT) -- Two rival eye care companies have agreed to settle their patent disagreements with a sizable check rather than continuing to duel it out in a courtroom.

Alcon Inc., Alcon Manufacturing Ltd. and Alcon Laboratories Inc. have announced they will pay Advanced Medical Optics Inc. $121 million to settle four patent lawsuits and vacate a $213.9 damages award.

The companies also agreed to not file any more lawsuits based on the patents, which concern techniques used in ophthalmic surgery. Both Alcon and AMO will also be granted...
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