Luna Innovations Announces Lawsuit Verdict
22 Abril 2009 - 7:45AM
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) 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.
About Luna Innovations:
Luna Innovations Incorporated (www.lunainnovations.com) is
focused on sensing and instrumentation, and pharmaceutical
nanomedicines. Luna develops and manufactures new-generation
products for the healthcare, telecommunications, energy and defense
markets. Our products are used to measure, monitor, protect and
improve critical processes in the markets we serve. Through its
disciplined commercialization business model, Luna has become a
recognized leader in transitioning science to solutions. Luna is
headquartered in Roanoke, Virginia.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
This release includes information that constitutes
�forward-looking statements� made pursuant to the safe harbor
provisions of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934, including statements
regarding, but not limited to, Luna�s expectations regarding
appealing the verdict. The company attempts, whenever possible, to
identify forward-looking statements by words such as �intends,�
�will,� �plans,� �anticipates,� �expects,� �may,� �estimates,�
�believes,� �should,� �projects,� or �continue,� or the negative of
those words and other comparable words. Actual events or results
may differ materially from the expectations expressed in such
forward-looking statements as a result of various factors,
including risks and uncertainties, many of which are beyond the
company�s control. Factors that could cause actual results to
differ materially from the expectations expressed in such
forward-looking statements include, but are not limited to, the
risk of material harm to Luna�s business from further adverse
results stemming from Luna�s litigation with Hansen Medical,
Inc.
Additional factors that may affect the future results of the
company are set forth in the company�s quarterly and annual reports
on Form 10-Q and Form 10-K, respectively, and other filings with
the Securities and Exchange Commission (�SEC�), which are available
at the SEC�s website at http://www.sec.gov, and at the company�s
website at http://www.lunainnovations.com.
These risk factors are updated from time to time through the
filing of periodic reports with the SEC. The statements made in
this press release are based on information available to the
company as of the date of this release and Luna Innovations
undertakes no obligation to update any of the forward-looking
statements herein after the date of this press release.
Stockholders of or potential investors in Luna Innovations are
cautioned not to place undue reliance on our forward-looking
statements, which speak only as of the date such statements are
made.
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