CardioNet, Inc. Announces Amicable Resolution of Litigation
May 15 2008 - 7:16AM
Business Wire
CardioNet, Inc. (NASDAQ:BEAT) announced today that LifeWatch Corp.
and CardioNet have entered into a settlement agreement pursuant to
which the parties have amicably agreed to resolve the lawsuit
between them, with dismissal by both sides of all claims pending in
the lawsuit. Terms of the agreement are confidential. Arie Cohen,
President and Chief Executive Officer, commented: �We are pleased
to have this behind us, and we look forward to continuing the
strong momentum we have achieved in recent quarters.� About
CardioNet CardioNet, Inc. is the leading provider of ambulatory,
continuous, real-time outpatient management solutions for
monitoring relevant and timely clinical information regarding an
individual's health. CardioNet's initial efforts are focused on the
diagnosis and monitoring of cardiac arrhythmias, or heart rhythm
disorders, with a solution that it markets as the CardioNet System.
More information can be found at http://www.cardionet.com.
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