Cardiovascular Systems Settles Lawsuit With ev3 for $1 Million

 

November 5, 2010

November 5, 2010 – Cardiovascular Systems Inc. (CSI) will pay $1 million to settle an employment lawsuit with ev3, which is now part of Covidien.

The litigation stems from a lawsuit ev3 originally filed in 2007 related to ev3 employees who joined Cardiovascular Systems Inc.

Neither party admits any liability or wrongdoing. Both companies develop transcatheter atherectomy devices for use in peripheral artery disease (PAD).

For more information: www.csi360.com