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St. Jude Reports Progress in Lawsuits Against Volcano

Wed, 02/27/2013 - 3:42pm
Mass Device

St. Jude Medical pushes for action on a pair of lawsuits against Volcano over laser sales and fractional flow reserve patents.

legal gavel illustration

Long-time rivals St. Jude Medical (NYSE:STJ) and Volcano (NSDQ:VOLC) are looking to push forward on a pair of lawsuits involving trade secrets and patent infringement.

A Delaware court last month entered judgment on a jury verdict in St. Jude's favor, ruling that St. Jude did not infringe on Volcano's fractional flow reserve technology, according to a recent regulatory filing.

It may not be the last word on the lawsuit, which is going on 3 years, as both companies have filed for motions as a matter of law and St. Jude has filed for a new trial regarding its own infringement claims against Volcano.

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