James, from the 10K, filed yesterday:
From form 10K filed today, Sept. 23:
Item 3. Legal Proceedings.
The Company, Medical Device Alliance, Inc. ("MDA"), and MDA's
wholly-owned subsidiary, Lysonix, Inc., are defendants in an action alleging
patent infringement filed by Mentor. Both the Company and its licensee (MDA)
are aggressively contesting Mentor's claim. A motion for preliminary injunction
filed by Mentor, requesting that the Company and its licensees be precluded
from selling the ultrasonic soft tissue aspirator, was heard and dismissed by
the U.S. District Court on September 11, 1998, at which time a trial on the
merits was scheduled for January 1999. Based upon the current status of
matters, management believes that the outcome of this suit will not have a material
adverse effect on the Company's consolidated financial position and consolidated results
of operations.
|
