Misonix seeks to overturn judgment

AuntMinnie.com staff writers

Aug 25, 2005

Ultrasound technology developer Misonix said that its majority-owned subsidiary Sonora Medical Systems has received a $460,000 judgment against the firm in the District Court of Boulder County, Colorado.

The case involved royalties claimed on recoating of transesophageal probes, a process performed by Sonora, according to Farmingdale, NY-based Misonix. As a result of the judgment, Misonix will take a one-time charge against fiscal year 2005 income of $460,000, which will negatively impact its guidance for the year, it said.

Sonora has filed a motion for a new trial in the case, Misonix said.

By AuntMinnie.com staff writers
August 26, 2005

Related Reading

Sonora receives patent, August 12, 2005

Sonora relocates operations, June 15, 2005

Sonora nets first AMS sale, May 19, 2005

Sonora promotes Cone, May 17, 2004

Sonora inks deal with Prosonic, May 13, 2004

Copyright © 2005 AuntMinnie.com

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