Biolitec Escapes Additional Sanctions In AngioDynamics Row

Law360, New York (August 30, 2013, 7:42 PM EDT) -- A Massachusetts federal judge on Friday declined to levy additional sanctions against specialty laser firm Biolitec AG and owner Biomed Technology Holdings Co. for their alleged noncompliance with earlier court orders stemming from an improper merger in an intellectual property indemnification suit brought by AngioDynamics Inc.

While U.S. District Judge Michael Ponsor did not expand on his contempt order handed down in April, he warned the defendants that further punishment would be in order if they do not immediately file a detailed report on how they...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.