Volcano Corp. wins ruling
This article was originally published in The Gray Sheet
Executive Summary
Superior Court of Massachusetts rejects LightLab Imaging's claims for protection of five alleged trade secrets relating to laser technologies in a legal battle with Volcano and its wholly-owned subsidiary Axsun Technologies, Volcano announced Oct. 6. Requests from LightLab, a St. Jude Medical subsidiary, for permanent injunctions were also denied, the company noted. At the same time, a trial on remaining trade secret claims is yet to be scheduled. Volcano CEO Scott Huennekens said in a statement that the ruling "validates our position regarding these purported trade secrets" and that the company will "vigorously" defend itself against the remaining claims. A jury on Feb. 4 found that Volcano and Axsun misappropriated LightLab trade secrets, and that Volcano intentionally interfered with a contract under which Axsun supplied to LightLab tunable lasers for use in optical coherence tomography (OCT) systems. Volcano had said that it would appeal the jury verdict. LightLab filed its initial suit in January 2009 after Volcano acquired Axsun (1"The Gray Sheet" Feb. 15, 2010)