Collidion Announces Settlement of Sonoma Litigation
PETALUMA, Calif., Nov. 12, 2018 /PRNewswire/ -- Sonoma Pharmaceuticals, Inc. ("Sonoma") and Collidion Inc. ("Collidion") have today announced agreement to settle Sonoma's claims of trade secret misappropriation and breaches of fiduciary duty against Collidion and certain of Collidion's employees.
In 2017, Sonoma filed a lawsuit against Collidion, Hojabr Alimi, Sameer Harish, and Monica Shaffer in federal district court, alleging the misappropriation of its trade secrets and confidential and proprietary information relating to hypochlorous acid products. As part of the settlement, Sonoma will dismiss this legal action without any admission of wrongdoing by any Defendant. There has been no finding of wrongdoing against any defendant. The agreement is to the satisfaction of all parties, but the terms of the settlement are otherwise being kept confidential.
About Collidion
Collidion, Inc. was founded in 2015 to improve the future of global healthcare through the delivery of innovative solutions that address significant unmet medical needs facing patient care. Collidion operates through subsidiaries, which we support through the infusion of capital, operational guidance, intellectual property and portfolio management, and commercial & business development expertise.
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SOURCE Collidion, Inc.
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