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Article: Intuitive Surgical settles pending litigation.
- Article from:
- Biotech Week
- Article date:
- February 11, 2004
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2004 FEB 11 - (NewsRx.com & NewsRx.net) -- Intuitive Surgical, Inc., (ISRG), a robotics company, has settled its pending litigation with Brookhill-Wilk 1, LLC.
Under the terms of the settlement, Brookhill-Wilk will grant a perpetual, exclusive license and certain covenants to Intuitive in consideration of a one-time license fee in the amount of $2.6 million.
The settlement will result in the dismissal with prejudice of all pending litigation between the companies, including Brookhill-Wilk's related claims against Computer Motion, Inc., and several ...