Suit Settlement: Irvine-based Laser Precision Corp. said Monday that it had reached a tentative settlement in the $30-million lawsuit filed against it by Minnesota Mining and Manufacturing Co. in December.
3M accused Laser Precision of theft of trade secrets in the hiring of former 3M Photodyne employee Peter M. Milstead, and asked that Laser Precision be prohibited from using any information from Milstead and forced to pay $30 million in punitive damages.
