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Cyberonics Announces Update On Hagerty Lawsuit

Mon, 02/04/2013 - 11:23am
PR Newswire

HOUSTON, Feb. 4, 2013 /PRNewswire/ -- Cyberonics, Inc. (NASDAQ: CYBX) today announced that the lawsuit filed by former employee Andrew Hagerty in federal district court in Massachusetts was voluntarily dismissed without prejudice by Mr. Hagerty on February 1, 2013.  The company has asserted that, under the terms of his employment, Mr. Hagerty's claims are subject to binding arbitration.  Mr. Hagerty has the right to re-file the lawsuit or to pursue a resolution through binding arbitration.

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