SAN DIEGO, Oct. 6 /PRNewswire/ -- Volcano Corporation (Nasdaq: VOLC) said today that the Superior Court of Massachusetts has ruled against LightLab Imaging, Inc. in LightLab's trade secret case against Volcano and its wholly owned subsidiary Axsun Technologies Inc. LightLab Imaging is a wholly owned subsidiary of St. Jude Medical, Inc. In a 16-page decision, the Court rejected LightLab's claims for protection of five alleged trade secrets relating to laser technologies, and denied all of LightLab's requests for permanent injunctions. The ruling followed a two-week trial on five of a number of trade secret claims alleged by LightLab. A trial on the remaining trade secret claims has not yet been scheduled.
"We are pleased with this ruling as it validates our position regarding these purported trade secrets. Volcano will continue to vigorously defend the remaining claims in this litigation as we focus on executing our growth strategy," said Scott Huennekens, chief executive officer of Volcano.
About Volcano Corporation
Volcano Corporation is revolutionizing the medical device industry with a broad suite of technologies that make imaging and therapy simpler, more informative and less invasive. Our products empower physicians around the world with a new generation of analytical tools that deliver more meaningful information—using sound and light as the guiding elements. Founded in cardiovascular care and expanding into other specialties, Volcano is changing the assumption about what is possible in improving patient outcomes by combining imaging and therapy together. For more information, visit the company's website at www.volcanocorp.com.
This news release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements in this news release regarding the litigation with LightLab that are not historical facts may be considered "forward-looking statements," including statements related to the litigation-related claims and counterclaims, and the potential impact of such litigation. Forward-looking statements are subject to risks and uncertainties, which may cause Volcano's results to differ materially and adversely from the statements contained herein. Some of the potential risks and uncertainties that could cause actual results to differ from the results predicted are detailed in the company's annual report on Form 10-K, quarterly reports on Form10-Q and other filings made with the Securities and Exchange Commission, including the current report on Form 8-K filed September 13, 2010. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. Volcano undertakes no obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they were made, or to reflect the occurrence of unanticipated events.
SOURCE Volcano Corporation