Friday, September 25, 2009

Luna Gains a Reprieve

Luna Innovations Inc. seems to have a reprieve. The much-honored Roanoke technology company, which had lost a $36 million lawsuit based on misuse of protected intellectual property is on the verge of a settlement with Hansen Medical Inc., which won the suit.

The companies announced the outline for the agreement yesterday, but did not release details. Luna CEO says the agreement will help avert bankruptcy and will help make certain creditors are fully paid.

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