10/14/2013 7:13:01 AM
New York medical device maker AngioDynamics settles a years-old distribution dispute stemming from its acquisition of Navilyst Medical. AngioDynamics (NSDQ:ANGO) closed the books on a 3-year-old distribution spat with Cardinal Health, with the companies agreeing to a terminate the lawsuit late last month. AngioDynamics agreed to a "Stipulation of Dismissal With Prejudice," putting to rest a lawsuit filed in December 2011 when Cardinal Health claimed that Navilyst Medical, which AngioDynamics acquired last year, falsely terminated an international distribution agreement.
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