Navigation Links
Sonic Innovations Not Included in Adverse Jury Verdict

Patent Infringement Judgment Against Widex and William Demant Companies

SALT LAKE CITY, Feb. 13 /PRNewswire-FirstCall/ -- Sonic Innovations, Inc. (Nasdaq: SNCI), a leading producer of advanced digital hearing aids, issues this statement to clarify confusion raised by a number of press releases related to a jury award of $31 million in a patent infringement action captioned Energy Transportation Group, Inc. v. Sonic Innovations, Inc., et al. While this action named numerous defendants, Sonic Innovations was no longer a party when the case went to trial, and likewise was not a part of the jury award.

Prior to trial, Sonic Innovations entered into a settlement agreement with Energy Transportation Group, Inc. ("ETG")-and was dismissed from this lawsuit. The recently announced jury verdict in this case was against other defendants-and had no financial impact on Sonic Innovations.

As previously disclosed in the Form 8-K filed October 17, 2007, Sonic Innovations announced it incurred $973,000 for settlement costs and legal fees in excess of previously recorded reserves related to the litigation during the third quarter of 2007. As a result of this settlement, Sonic has realized significant savings in legal fees and was excluded from the adverse jury verdict.

The jury verdict in this action, entered on February 4, 2008, awarded $31 million in damages against the remaining two defendants in the lawsuit, known as the Widex and Demant defendants. The Widex defendants are Widex A/S and Widex Hearing Aid Co., Inc. The Demant defendants are William Demant Holding A/S, WDH Inc., Oticon A/S, Oticon Inc., Bernafon AG and Bernfon, LLC.

Sonic Innovations designs, develops, manufactures and markets advanced digital hearing aids designed to provide the highest levels of satisfaction for hearing impaired consumers.

This press release may contain "forward-looking statements" as defined under securities laws. Actual results may differ materially and adversely from those described herein depending on a number of risks. For additional information regarding the risks inherent in our business, please see "Factors That May Affect Future Performance" included in our Annual Report on Form 10-K for the year ended December 31, 2006, as filed with the Securities and Exchange Commission.

We undertake no obligation to revise our forward-looking statements to reflect events or circumstances after the date hereof as a result of new information, future events or otherwise.

SOURCE Sonic Innovations, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Sonic Innovations Announces Results for Fourth Quarter and Full Year 2007
2. Sonic Foundry to Host Wisconsin Lt. Governor Lawton in Raising Awareness for National Depression Screening Day
3. Inverness Medical Innovations to Present at 2008 UBS Global Healthcare Services Conference on February 13, 2008
4. Young Innovations, Inc. Announces Results for 4th Quarter and the Year and Declares Dividend
5. Young Innovations, Inc. Provides Fourth Quarter Conference Call Details
6. Inverness Medical Innovations Enters Into a Definitive Agreement to Acquire Matria Healthcare, Inc.
7. Inverness Medical Innovations to Acquire Redwood Toxicology Laboratory
8. EMS Magazine Announces Top Product Innovations for 2007
9. Inverness Medical Innovations to Participate at 2007 RBC Healthcare Conference on December 12, 2007
10. Inverness Medical Innovations Announces Closing of Public Offering
11. Inverness Medical Innovations Acquires Alere Medical
Post Your Comments:
(Date:6/25/2016)... ... June 25, 2016 , ... Conventional wisdom preaches the benefits of moderation, ... the latter, setting the bar too high can result in disappointment, perhaps even self-loathing. ... toward their goal. , Research from reveals that behind the ...
(Date:6/24/2016)... ... ... Those who have experienced traumatic events may suffer from a complex set of ... or alcohol abuse, as a coping mechanism. To avoid this pain and suffering, Serenity ... event. , Trauma sufferers tend to feel a range of emotions, from depression, guilt, ...
(Date:6/24/2016)... ... ... a crisis. Her son James, eight, was out of control. Prone to extreme mood shifts ... upset him, he couldn’t control his emotions,” remembers Marcy. “If there was a knife ... and say he was going to kill them. If we were driving on the ...
(Date:6/24/2016)... (PRWEB) , ... June 24, 2016 , ... Global law ... magazine’s 2016 Legal Elite. The attorneys chosen by their peers for this recognition are ... , Seven Greenberg Traurig Shareholders received special honors as members of this year’s Legal ...
(Date:6/24/2016)... ... June 24, 2016 , ... Comfort Keepers® of San Diego, CA is ... Road To Recovery® program to drive cancer patients to and from their cancer treatments. ... the highest quality of life and ongoing independence. Getting to and from medical ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... Calif. , June 24, 2016  American Respiratory Labs (ARL), ... is now able to perform sophisticated lung assessments in patients, homes, ... , Inc. Patients are no longer limited to ... EasyOne PRO ® , ARL patients like Jeanne R. of ... in the comfort of her own home. ...
(Date:6/24/2016)... 2016 According to a new ... Pen Needles, Safety Pen Needles), Needle Length (4mm, 5mm, ... Mode of Purchase (Retail, Non-Retail) - Trends & Global ... the market for the forecast period of 2016 to ... Billion by 2021 from USD 1.65 Billion in 2016, ...
(Date:6/24/2016)... NAMUR , Belgium , ...  (NYSE MKT: VNRX), today announced the appointment of ... Board of Directors as a Non-Executive Director, effective ... the Company,s Audit, Compensation and Nominations and Governance ... Board, Dr. Futcher will provide independent expertise and ...
Breaking Medicine Technology: