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African American-Owned Company Canady Technology to Seek Twenty-Six Million Dollars in Damages against ConMed Corporation (CNMD) and Attorney Fees in Excess of Five Hundred Thousand Dollars against ERBE Elektromedizin GmbH



3/11/2008 9:09:58 AM

PITTSBURGH--(BUSINESS WIRE)--Despite recent legal decisions against Erbe in the U.S. International Trade Commission and the U.S. District Court for the Western District of Pennsylvania and a prior decision against ConMed in the arbitration it instituted against Canady Technology, negotiations over the last six weeks between Canady Technology, Erbe and ConMed have ended without a settlement of the remaining legal claims. Canady Technology, LLC the first African-American owned biomedical device company in United States has been embroiled in a series of tumultuous litigation battles with ConMed Corporation, Utica, NY and Erbe Elektromedizin GmbH (German family-owned company) and Erbe USA (the US subsidiary of the German company) over the last three years.

Read at BioSpace.com


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