July 2, 1998 |
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.
May 26, 1998 |
Tyco International Ltd. plans to buy U.S. Surgical Corp. for $3.3 billion in a bid to enable the companies to compete more effectively against much bigger rivals and boost their business of supplying medical products to hospitals. U.S. Surgical, which primarily makes products for closing surgical wounds and performing minimally invasive surgery, would operate as a unit of Tyco's disposable and specialty medical products group. U.S.
November 26, 1997 |
A federal judge has transferred Imagyn Medical Technologies' patent infringement lawsuit against U.S. Surgical Corp. from Virginia to U.S. Surgical's home state of Connecticut. U.S. District Judge James C. Cacheris in Alexandria, Va., ruled that trying the case in a state where neither party has significant operations "would be a great inconvenience to everyone involved," U.S. Surgical said. U.S. Surgical is based in Norwalk, Conn.
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.
October 19, 1997 |
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.
August 19, 1997 |
Santa Barbara-based Circon Corp. said it rejected U.S. Surgical Corp.'s fourth bid, calling the $16.50-a-share, or $235-million, offer for the maker of surgical devices too low. U.S. Surgical first offered to buy Circon in August 1996 for $18 a share, a bid that was lowered to $17 and then $16.33. Circon rejected each offer. U.S. Surgical filed a lawsuit against Circon on Aug. 13 to let shareholders vote on the offer. Circon's board asked shareholders not to respond to U.S. Surgical's Aug.