Re: ossur / freedom setlement
David Jahr
Description
Collection
Title:
Re: ossur / freedom setlement
Creator:
David Jahr
Date:
12/11/2003
Text:
FOR IMMEDIATE RELEASE
Contact: David Jahr, APR (714) 557-5100 ext. 17, <Email Address Redacted>
Ossur North America Inc. and Freedom Innovations
Agree to Settle Federal and State Cases
IRVINE, Calif. (December 9, 2003) - In a court ordered mediation on December
8, 2003, Ossur North America Inc. and Freedom Innovations Inc. agreed to
settle all litigation associated with the Federal and State court cases.
Both parties expressed satisfaction with the settlement, the terms of which
are confidential, but involve product licensing.
Eythor Bender, the President of Ossur North America commented: Ossur is
pleased to have resolved its dispute with Freedom Innovations so that it can
continue to invest heavily in product development that benefits the
prosthetic community. We invest an industry leading 8% of our revenue in R&D
and will continue to defend our intellectual property to protect that
investment.
Richard Myers, the President and COO of Freedom Innovations also commented:
We are very satisfied with the outcome of the mediation and are pleased
that Ossur was willing to reach a mutually agreeable business resolution to
settle our differences. We believe this benefits both our companies and more
importantly the entire prosthetic industry to have these suits behind us.
About Freedom Innovations
Freedom Innovations supplies prosthetists with innovative feet that create
revolutions in motion and freedom of activity. The company's Freedom Series
and Revolution Series of prosthetic devices are distributed throughout the
U.S., Canada, Europe and Australia. Freedom Innovations is headquartered in
Corona, Calif. Telephone: toll-free (888) 818-6777 or (909) 817-0984. Web
site: www.freedom-innovations.com.
# # #
David Jahr, APR
<Email Address Redacted>
(714) 557-5100 x17
(714) 557 5109 fax
Rodheim Marketing Group
125 E. Baker Street, Suite 266
Costa Mesa, CA 92626
-----Original Message-----
From: Orthotics and Prosthetics List [mailto:<Email Address Redacted>]On
Behalf Of Ted Trower
Sent: Tuesday, December 09, 2003 10:48 AM
To: <Email Address Redacted>
Subject: [OANDP-L] ossur / freedom setlement
After being out of the office for a couple of days I just checked the
Kaupthing website to see what's happening with Ossur's stock. Seems Ossur
and Freedom have reached a licensing agreement in arbitration and all suits
have been dropped.
<URL Redacted>
THI&Lang=en&NewsID=27004&flokkurid=1164
Ted A. Trower C.P.O.
A-S-C Orthotics & Prosthetics
Jackson, Michigan, USA
www.amputee.com
___________________________________________________________
CONFIDENTIALITY NOTICE
THIS E-MAIL TRANSMISSION, INCLUDING ANY ATTACHMENT, IS INTENDED ONLY FOR
THE USE OF THE INDIVIDUAL PERSON OR PERSONS TO WHICH IT IS ADDRESSED OR
COPIED TO, AND MAY CONTAIN INFORMATION THAT IS PRIVILEGED, CONFIDENTIAL,
AND EXEMPT FROM DISCLOSURE UNDER THE APPLICABLE LAW. ANY DISSEMINATION,
DISTRIBUTION OR COPYING OF THIS COMMUNICATION IS PROHIBITED WITHOUT THE
WRITTEN CONSENT OF ITS SENDER.
Contact: David Jahr, APR (714) 557-5100 ext. 17, <Email Address Redacted>
Ossur North America Inc. and Freedom Innovations
Agree to Settle Federal and State Cases
IRVINE, Calif. (December 9, 2003) - In a court ordered mediation on December
8, 2003, Ossur North America Inc. and Freedom Innovations Inc. agreed to
settle all litigation associated with the Federal and State court cases.
Both parties expressed satisfaction with the settlement, the terms of which
are confidential, but involve product licensing.
Eythor Bender, the President of Ossur North America commented: Ossur is
pleased to have resolved its dispute with Freedom Innovations so that it can
continue to invest heavily in product development that benefits the
prosthetic community. We invest an industry leading 8% of our revenue in R&D
and will continue to defend our intellectual property to protect that
investment.
Richard Myers, the President and COO of Freedom Innovations also commented:
We are very satisfied with the outcome of the mediation and are pleased
that Ossur was willing to reach a mutually agreeable business resolution to
settle our differences. We believe this benefits both our companies and more
importantly the entire prosthetic industry to have these suits behind us.
About Freedom Innovations
Freedom Innovations supplies prosthetists with innovative feet that create
revolutions in motion and freedom of activity. The company's Freedom Series
and Revolution Series of prosthetic devices are distributed throughout the
U.S., Canada, Europe and Australia. Freedom Innovations is headquartered in
Corona, Calif. Telephone: toll-free (888) 818-6777 or (909) 817-0984. Web
site: www.freedom-innovations.com.
# # #
David Jahr, APR
<Email Address Redacted>
(714) 557-5100 x17
(714) 557 5109 fax
Rodheim Marketing Group
125 E. Baker Street, Suite 266
Costa Mesa, CA 92626
-----Original Message-----
From: Orthotics and Prosthetics List [mailto:<Email Address Redacted>]On
Behalf Of Ted Trower
Sent: Tuesday, December 09, 2003 10:48 AM
To: <Email Address Redacted>
Subject: [OANDP-L] ossur / freedom setlement
After being out of the office for a couple of days I just checked the
Kaupthing website to see what's happening with Ossur's stock. Seems Ossur
and Freedom have reached a licensing agreement in arbitration and all suits
have been dropped.
<URL Redacted>
THI&Lang=en&NewsID=27004&flokkurid=1164
Ted A. Trower C.P.O.
A-S-C Orthotics & Prosthetics
Jackson, Michigan, USA
www.amputee.com
___________________________________________________________
CONFIDENTIALITY NOTICE
THIS E-MAIL TRANSMISSION, INCLUDING ANY ATTACHMENT, IS INTENDED ONLY FOR
THE USE OF THE INDIVIDUAL PERSON OR PERSONS TO WHICH IT IS ADDRESSED OR
COPIED TO, AND MAY CONTAIN INFORMATION THAT IS PRIVILEGED, CONFIDENTIAL,
AND EXEMPT FROM DISCLOSURE UNDER THE APPLICABLE LAW. ANY DISSEMINATION,
DISTRIBUTION OR COPYING OF THIS COMMUNICATION IS PROHIBITED WITHOUT THE
WRITTEN CONSENT OF ITS SENDER.
Citation
David Jahr, “Re: ossur / freedom setlement,” Digital Resource Foundation for Orthotics and Prosthetics, accessed November 6, 2024, https://library.drfop.org/items/show/222206.
