Medical Product Maker HemCon Files For Ch. 11

Law360, New York (April 10, 2012, 10:23 PM EDT) -- HemCon Medical Technologies Inc. said Tuesday that it was voluntarily filing for Chapter 11 bankruptcy, a month after the Federal Circuit reinstated a $29.4 million patent infringement verdict against the company in a high-profile en banc decision.

The Portland, Ore.-based company also announced it would ask the appeals court to rehear the portion of that decision that left standing a district court's findings that the patent-in-suit, for a polymer used to treat serious wounds, was valid and infringed and that the damages award was reasonable....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.