MISONIX BRINGS SUIT AGAINST FORMER LICENSEES
FARMINGDALE, N.Y.--(BUSINESS WIRE)--May 10, 1999--Misonix, Inc. ("Misonix") (Nasdaq:MSON) announced that it had commenced an action in the United States District Court for the District of Nevada against Medical Device Alliance, Inc. and LySonix, Inc.
As previously announced by Misonix, the defendants were in default as licensees under the license agreement covering its ultrasonic soft tissue aspirator, being marketed as the LySonix 2000. Misonix had terminated the license agreement in January, 1999. The suit seeks, among other things, damages for breach of contract, the recovery of the balance of the equipment held by the licensees, recovery of more than $2 million for sale of the products and royalties, and the restraint of the licensees from any further sales of the equipment. |
