Luna Innovations, Inc. (LUNA) Message Board

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Technology Stocks : Luna Innovations, Inc. (LUNA)

LUNA 1.750

+1.7%

Oct 30 3:17 PM EDT

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From: Glenn Petersen	4/22/2009 2:55:54 PM
	of 29

[t]LUNA[/t] has suffered a major legal setback: Luna Innovations Announces Lawsuit Verdict Wednesday April 22, 2009, 6:45 am EDT ROANOKE, Va.--(BUSINESS WIRE)--A jury in Superior Court of the State of California, County of Santa Clara, returned a verdict in the ongoing litigation between Luna Innovations Incorporated (NASDAQ: LUNA - News) and Hansen Medical, Inc. The jury found in favor of Hansen determining that Luna Innovations breached its contract with Hansen as well as misappropriated trade secrets belonging to Hansen. The jury awarded approximately $36 million in damages to Hansen. Luna Innovations is evaluating the outcome, will file post-trial motions and will make a determination as to whether it intends to appeal the outcome at a later date. <snip> finance.yahoo.com

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