St Jude's LightLab files new lawsuit against Volcano's Axsun
This article was originally published in Clinica
Executive Summary
St Jude Medical subsidiary LightLab is persisting in its legal battle with rival Axsun Technologies, a subsidiary of Volcano, by filing a new lawsuit which claims that Axsun used LightLab's trade secret information to develop its optical coherence tomography technology. This is the second lawsuit that LightLab has filed in relation to this matter: earlier this year, the Superior Court of Massachusetts rejected LightLab's similar claims after two years of litigation (www.clinica.co.uk, 24 February 2011). Volcano incurred $4.9m in legal expenses, as well as its own litigation costs of $2.8m. The latest lawsuit was filed in a Delaware court. San Diego, California-based Volcano denies the "unfounded" allegations. "Volcano firmly believes that this latest lawsuit has no merit, and looks forward to the opportunity of proving so in court".