Medtech rivals St. Jude Medical (NYSE:STJ) and Volcano (NSDQ:VOLC) signed a truce this week to lay down arms in a long-running legal war that involved multiple technologies and subsidiaries on each side.
The companies agreed to settle all existing litigation between them with prejudice and to refrain from filing lawsuits on those technologies for the next 22 years. Neither party paid or received any money or admitted liability as part of the deal.
The agreement closes 7 pending lawsuits filed in courts in Massachusetts, Delaware and in the Federal Circuit:
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