A Medical Device Daily
InTouch Technologies (Santa Barbara, California), a developer of Remote Presence robotic solutions, reported that it has settled its ongoing legal disputes with HeadThere (San Francisco) relating to HeadThere's robotic videoconferencing technology.
Under the agreement entered into between the two parties, HeadThere has agreed to cease its alleged infringing activities, including the direct or indirect manufacturing, advertising, promotion or conducting of sales or offering for sale in the U.S. of any products or services incorporating a video conferencing robot that enables remote presence and communication.
The parties also have agreed to release litigation activities and counterclaims against each other without prejudice. Furthermore, they have agreed to release each other from liability related to the litigation activities and counterclaims, conditioned upon the parties' compliance to the settlement obligations.
In other legalities, the law offices of Howard Smith reported that a securities class-action lawsuit has been filed on behalf of all persons or entities who purchased or otherwise acquired the securities of Zynex, (Bensalem, Pennsylvania) between May 21, 2008, and March 31, 2009. The class-action suit was filed in the U.S. District Court for the District of Colorado.
The complaint alleges that the defendants violated federal securities laws by issuing material misrepresentations to the market concerning Zynex's financial performance, thereby artificially inflating the price of Zynex securities.