Biolitec Held In Contempt Over Merger In AngioDynamics Row

Law360, Los Angeles (April 11, 2013, 8:51 PM EDT) -- A Massachusetts federal judge on Thursday granted medical device manufacturer AngioDynamics Inc.’s emergency motion for contempt against specialty laser firm Biolitec AG and Biomed Technology Holdings Co. for allegedly violating a preliminary injunction in an intellectual property indemnification suit by completing the downstream merger of Biolitec into its Austrian subsidiary.

AngioDynamics sought contempt charges against Biolitec AG, Biomed and co-defendant and Biolitec AG CEO Wolfgang Neuberger in March, asking the court to order defendants to immediately undo the downstream merger to return Biolitec AG to its...
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