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Biotech / Medical : Misonix Inc. (MSON) -- Ignore unavailable to you. Want to Upgrade?


To: cape radical who wrote (866)2/5/1999 10:52:00 AM
From: Untouchable  Respond to of 947
 
They lost.



To: cape radical who wrote (866)2/5/1999 10:55:00 AM
From: Beltropolis Boy  Respond to of 947
 
aww, for fuck's sake!

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Misonix says Mentor wins suit
Reuters Story - February 05, 1999 09:39

FARMINGDALE, N.Y., Feb 5 (Reuters) - Misonix Inc. said on Friday that a jury found in favor of Mentor Corp. in a patent lawsuit.

Misonix, which makes ultrasonic and air pollution systems, said a jury in U.S. District Court in Los Angeles found Misonix infringed a patent licensed to Mentor. Damages will be awarded over the next two weeks, Misonix said.

Misonix said it is contesting the decision, arguing the patent was invalid and unenforceable.

Misonix said the jury also ruled against LySonix Inc. and its unit, Medical Device Alliance.

Mentor alleged patent infringement regarding the LySonix 2000 Ultrasonic Soft Tissue Aspirator, a liposuction device.

Medical Device Alliance and LySonix were originally named in the patent case, and later the suit was amended to include Misonix.



To: cape radical who wrote (866)2/19/1999 1:20:00 AM
From: Beltropolis Boy  Respond to of 947
 
if it's any consolation, i've held comverse tech (CMVT) for about as long as i've had misonix. nice to see new blood (at the top and not in the streets).

has everyone here wiped their hands clean?

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MISONIX, INC. ANNOUNCES NEW CHIEF FINANCIAL OFFICER

FARMINGDALE, N.Y.--(BUSINESS WIRE)--Feb. 17, 1999--Misonix, Inc. ("Misonix") (Nasdaq: MSON) today announced that Richard A. Zaremba has been appointed its Vice President and Chief Financial Officer. Mr. Zaremba had, for the previous 3 1/2 years, been Vice President-Finance and Chief Financial Officer of Comverse Information Systems; the latter is a wholly-owned subsidiary of Comverse Technology, Inc., an international manufacturer of high technology systems. Prior thereto, he had acted as Chief Financial Officer and/or corporate Controller for companies engaged in the manufacture and sale of electronic and computer equipment and other products. Mr. Zaremba is a certified public accountant who received a BBA as well as a Masters in Accounting from Hofstra University.

Michael A. McManus, Jr., President and Chief Executive Officer, described Mr. Zaremba as "bringing to the Company a combination of executive experience with all aspects of modern productivity, technical accounting skills and the business judgment and acumen that makes him a significant part of our new management team. We plan to work in tandem with the rest of Misonix' executives and loyal employees to build a superior company."



To: cape radical who wrote (866)2/25/1999 7:17:00 PM
From: Beltropolis Boy  Read Replies (1) | Respond to of 947
 
am i the last one left? should i shut off the lights on my way out?

fwiw, treble damages at ~$15M doesn't portend chapter 11. to me, anyway.

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Misonix Announces Jury Assessment of Damages in Favor of Mentor Corporation in Patent Suit

Business Wire - February 24, 1999 15:19

FARMINGDALE, N.Y.--(BUSINESS WIRE)--Feb. 24, 1999--Misonix, Inc. ("Misonix") (Nasdaq: MSON) today announced that the jury hearing the Mentor Corporation ("Mentor") patent lawsuit had issued a verdict in the amount of approximately $4,904,000 damages in favor of Mentor and against Misonix and the licensees of its device, Medical Device Alliance, Inc. and LySonix, Inc. Motions are pending before the Court, for expected decision this Friday, February 26, 1999, which could affect the results significantly with a potential range of final result running between eliminating the jury verdict against Misonix and the other defendants entirely or, on the other hand, entering a verdict in favor of the plaintiff, Mentor, entitling it to treble damages, plus attorneys' fees.

Misonix had earlier announced, on February 5, 1999, that the jury had returned a verdict in favor of Mentor and was then entering the damages phase of the trial. As previously stated, based upon the final outcome of this proceeding and the motions to be determined, Misonix leaves open the possibility of seeking relief through appropriate channels available through the courts.