AngioDynamics Receives Favorable Summary Judgment Order on Claims Against biolitec

October 3, 2011 at 6:30 AM EDT

ALBANY, N.Y., Oct. 3, 2011 (GLOBE NEWSWIRE) -- AngioDynamics (Nasdaq:ANGO), a leading provider of innovative, minimally invasive medical devices for vascular access, surgery, peripheral vascular disease and oncology, announced the U.S. District Court for the Northern District of New York has granted key portions of AngioDynamics' motion for summary judgment in its legal case against biolitec.

AngioDynamics sued biolitec to recover costs incurred by AngioDynamics in defending and settling two patent infringement cases. Specifically, AngioDynamics is seeking to recover the costs of its $7 million settlement with Diomed in April 2008, its $6.8 million settlement with VNUS Medical Technologies in June 2008 and the legal fees associated with the two cases.

The Court's ruling stems from legal action initiated by AngioDynamics in January 2008 seeking to enforce the indemnification provisions of its April 1, 2002, Supply and Distribution Agreement with biolitec. The Agreement obligated biolitec to defend and indemnify AngioDynamics against patent infringement claims by third parties arising out of the use of laser vein ablation products supplied by biolitec. The Court's order affirms that biolitec should have defended and indemnified AngioDynamics against the infringement claims asserted by Diomed and VNUS Medical Technologies, but did not.

The Court's order was filed under seal. As of this date, the order has not yet been entered as a judgment and therefore does not contain specified amounts with respect to damages, and there can be no assurance that AngioDynamics will recover the full amount of the damages it has sought against biolitec.

The Court also dismissed biolitec's counterclaims against AngioDynamics. The court denied one portion of AngioDynamics' summary judgment motion, which sought to recover additional costs from biolitec, leaving this for adjudication at trial.

About AngioDynamics

AngioDynamics, Inc. is a leading provider of innovative, minimally invasive medical devices used by professional healthcare providers for vascular access, surgery, peripheral vascular disease and oncology. AngioDynamics' diverse product lines include market-leading ablation systems, vascular access products, angiographic products and accessories, angioplasty products, drainage products, thrombolytic products, embolization products and venous products. More information is available at

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Source: AngioDynamics

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