Judge OKs $11M Deal In Brain Aneurysm Patent Suit

Law360, New York (April 4, 2008, 12:00 AM EDT) -- Medical device maker ev3 has finalized an agreement that would give $11.7 million to the University of California to settle a dispute over patents related to the treatment of brain aneurysms, the university said.

Under the settlement, which was approved Friday, the university has agreed to grant ev3 a sublicense to the patents in question and to drop all claims pending between the parties in the U.S. District Court for the Northern District of California.

The settlement also resolves litigation between the parties in Germany and...
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