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BUSINESS
November 25, 1997
Santa Barbara-based Circon Corp. returned Chief Executive Richard Auhll to the board and reappointed him chairman, prompting U.S. Surgical Corp., which is seeking to take over the medical device maker, to go back to court to seek his removal from the board.
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BUSINESS
July 2, 1998 | BARBARA MARSH, TIMES STAFF WRITER
A federal appeals court this week upheld a $20.5-million award to a Laguna Hills maker of surgical devices in a patent-infringement case against industry giant U.S. Surgical Corp. The ruling will enable Applied Medical Resources Corp. to press ahead with plans to go public within months and other expansion activities, said an elated chief executive, Said Hilal. "The most heartwarming thing in my life is seeing the justice system work so elegantly.
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BUSINESS
December 18, 1996 | Times Staff and Wire Reports
Unocal Corp. and Miami-based independent Forcenergy Inc. have allied to explore and develop oil and gas pockets in Alaska's Cook Inlet, the companies said. . . . Orange-based Vans Inc. said earnings for its second quarter ended Nov. 30 rose 89.4% to $2.4 million, or 18 cents per share, from $1.3 million, or 13 cents, in the year-ago quarter. . . . Santa Barbara-based Circon Corp. said its board recommended that shareholders reject U.S. Surgical Corp.'s reduced $221-million acquisition bid.
BUSINESS
November 25, 1997
Santa Barbara-based Circon Corp. returned Chief Executive Richard Auhll to the board and reappointed him chairman, prompting U.S. Surgical Corp., which is seeking to take over the medical device maker, to go back to court to seek his removal from the board.
BUSINESS
October 19, 1997 | Dow Jones
Imagyn Medical Technologies Inc. said it has filed a patent infringement suit against U.S. Surgical Corp. In the complaint, Newport Beach-based Imagyn alleges that U.S. Surgical's ABBI breast biopsy device infringes on two patents held by Imagyn. Imagyn is seeking an injunction to stop the manufacture and sale of ABBI in the U.S., as well as damages and attorneys' fees. A spokesman for Connecticut-based U.S. Surgical said his company has not been served and can't comment on specifics.
BUSINESS
June 6, 1996 | Times Staff and Wire Reports
Firm Is Sent FDA Warning on Breast Surgery Device: U.S. Surgical Corp. is improperly peddling a new device for taking tissue samples as a breast cancer surgery instrument that would minimize pain and scarring, government regulators have charged. The Food and Drug Administration sent a warning letter to the company this week, ordering it to stop advertising the device as the Advanced Breast Biopsy Instrumentation system, or ABBI. U.S. Surgical, based in Norwalk, Conn.
BUSINESS
July 2, 1998 | BARBARA MARSH, TIMES STAFF WRITER
A federal appeals court this week upheld a $20.5-million award to a Laguna Hills maker of surgical devices in a patent-infringement case against industry giant U.S. Surgical Corp. The ruling will enable Applied Medical Resources Corp. to press ahead with plans to go public within months and other expansion activities, said an elated chief executive, Said Hilal. "The most heartwarming thing in my life is seeing the justice system work so elegantly.
BUSINESS
June 13, 1997 | (James S. Granelli)
An Orange County maker of surgical devices has won $20.5 million against industry giant U.S. Surgical Corp. in a patent-infringement case involving abdominal tubes used for less-invasive operations. Privately held Applied Medical Resources Corp. of Laguna Hills had won a jury verdict of more than $15 million and an unusual finding that U.S. Surgical had willfully violated its patents. The finding gave the judge who presided over the case the option of trebling the damages.
BUSINESS
July 17, 1997 | BARBARA MARSH, TIMES STAFF WRITER
Imagyn Medical Inc., the medical devices firm set to be acquired by Costa Mesa-based Urohealth Inc., received a higher offer Wednesday from giant U.S. Surgical Corp. Imagyn, which makes devices for minimally invasive surgery, said it's calling a meeting of its board to consider the $57.5-million offer--a cash or stock deal about 20% higher than Urohealth's all-stock bid.
BUSINESS
July 19, 1997 | BARBARA MARSH, TIMES STAFF WRITER
Urohealth Systems Inc. on Friday sweetened by 35% its deal to buy Imagyn Medical Inc. for stock, and the boards of the two Orange County medical device companies endorsed the revised terms. Imagyn, a Laguna Niguel company whose low stock price and innovative instruments for gynecological surgery make it an attractive target, also said it rejected the unsolicited offer received earlier this week from giant U.S. Surgical Corp. The Norwalk, Conn.-based company said it won't increase its offer.
BUSINESS
October 19, 1997 | Dow Jones
Imagyn Medical Technologies Inc. said it has filed a patent infringement suit against U.S. Surgical Corp. In the complaint, Newport Beach-based Imagyn alleges that U.S. Surgical's ABBI breast biopsy device infringes on two patents held by Imagyn. Imagyn is seeking an injunction to stop the manufacture and sale of ABBI in the U.S., as well as damages and attorneys' fees. A spokesman for Connecticut-based U.S. Surgical said his company has not been served and can't comment on specifics.
BUSINESS
July 19, 1997 | BARBARA MARSH, TIMES STAFF WRITER
Urohealth Systems Inc. on Friday sweetened by 35% its deal to buy Imagyn Medical Inc. for stock, and the boards of the two Orange County medical device companies endorsed the revised terms. Imagyn, a Laguna Niguel company whose low stock price and innovative instruments for gynecological surgery make it an attractive target, also said it rejected the unsolicited offer received earlier this week from giant U.S. Surgical Corp. The Norwalk, Conn.-based company said it won't increase its offer.
BUSINESS
July 17, 1997 | BARBARA MARSH, TIMES STAFF WRITER
Imagyn Medical Inc., the medical devices firm set to be acquired by Costa Mesa-based Urohealth Inc., received a higher offer Wednesday from giant U.S. Surgical Corp. Imagyn, which makes devices for minimally invasive surgery, said it's calling a meeting of its board to consider the $57.5-million offer--a cash or stock deal about 20% higher than Urohealth's all-stock bid.
BUSINESS
June 13, 1997 | JAMES S. GRANELLI, TIMES STAFF WRITER
An Orange County surgical devices maker has won $20.5 million against industry giant U.S. Surgical Corp. in a patent infringement case involving abdominal tubes used for less-invasive operations. Privately held Applied Medical Resources Corp. in Laguna Hills had won a jury verdict of more than $15 million and an unusual finding that U.S. Surgical had willfully violated Applied's patents. The finding gave the judge who presided over the case the option of trebling the damages.
BUSINESS
December 18, 1996 | Times Staff and Wire Reports
Unocal Corp. and Miami-based independent Forcenergy Inc. have allied to explore and develop oil and gas pockets in Alaska's Cook Inlet, the companies said. . . . Orange-based Vans Inc. said earnings for its second quarter ended Nov. 30 rose 89.4% to $2.4 million, or 18 cents per share, from $1.3 million, or 13 cents, in the year-ago quarter. . . . Santa Barbara-based Circon Corp. said its board recommended that shareholders reject U.S. Surgical Corp.'s reduced $221-million acquisition bid.
BUSINESS
August 17, 1996 | Times Staff and Wire Reports
U.S. Surgical's Bid for Circon Turns Hostile: The surgical-product maker said it will proceed with its $235-million offer despite Circon Corp.'s approving a "poison pill" anti-takeover plan. Norwalk, Conn.-based U.S. Surgical, with sales of $1.02 billion last year, wants to use its marketing force to sell Santa Barbara-based Circon's line of laparoscopes. Circon, with 1995 sales of $160 million, called the offer inadequate, saying it doesn't reflect its long-term value. U.S.
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