Herley Industries, Inc.
Herley Settles Lawsuit With EADS
Published in Law and Health Weekly, December 29th, 2007
Herley Industries, Inc. (NASDAQ:HRLY) announced that it has entered into a settlement agreement with EADS Deutschland GmbH ("EADS") of the lawsuit filed against Herley and certain divisions and subsidiaries on April 10, 2007. The lawsuit alleged the breach by Herley of a transfer of technology agreement entered into on May 30, 2001 under which Herley was granted the right to use certain technology owned by EADS in performing under an exclusive sales and marketing agreement entered into on May 30, 2001. EADS had asserted claims for breach of contract and conversion claiming that Herley was wrongfully in possession of the intellectual property transferred to Herley. EADS also sought a...
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