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7/16/2009 9:47:12 AM
COCONUT CREEK, Fla.--(BUSINESS WIRE)--"As you have been aware, since 2002 we have been embroiled in litigation with Kevin Harmon, a plaintiff, who has claimed, among other things, that InnoMed had misappropriated the rights to, and was not a bona fide purchaser of, the patents pertaining to the so-called Nasal Aire sleep apnea device when InnoMed acquired such patents as part of an asset purchase in April 2001. Specifically, the Harmon litigation claimed that InnoMed participated with others in the conversion and fraudulent conveyance of the patents. In addition Harmon requested an accounting and sought unjust enrichment damages. On January 27, 2009, the Superior Court in Waycross, Georgia, dismissed all of the Harmon claims in response to our motion for summary judgment. Despite the fact that Harmon has appealed this decision, we believe that InnoMed will again prevail on the appeal.
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