Carl Zeiss Meditec, Optovue Settle Dispute

Medical technology company Carl Zeiss Meditec Inc. of Dublin, Calif., and Optovue Corp., a Fremont, Calif.-based maker of optical coherence tomography systems, announced today that they have settled their legal disputes pending in the Northern District of California and in Massachusetts Superior Court, agreeing to licensing and other terms for the disputed intellectual property. Carl Zeiss Meditec, the US-based subsidiary of Carl Zeiss Meditec AG of Jena, Germany, filed a lawsuit in June 2007 in Massachusetts against a former senior sales executive for giving confidential and proprietary company information to his current employer, Optovue. Optovue then filed its own suit against Carl Zeiss Meditec in California. Remaining terms of the settlement agreement are confidential, the companies said.