Align Settles Orthodontics Patent War In $90M Deal

Law360 (August 17, 2009, 12:35 PM EDT) -- Align Technology Inc. and Ormco Corp. have agreed to settle all pending patent litigation in a cash-and-stock deal worth approximately $90 million and will launch a collaborative effort to develop a new orthodontic product, the companies announced Monday.

As part of the settlement, Align, the maker of clear orthodontic braces called Invisalign, will make a cash payment of approximately $13 million to Ormco and issue approximately 7.6 million shares of Align's common stock to Ormco's parent, Danaher Corp., which after issuances will be equal to approximately 10 percent ownership interest in Align.

Align said in a statement Monday that based on...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!