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December 13, 2012
16:51 EDTNUVANuVasive releases $62.5M from escrow following appeals court ruling
NuVasive announced the release of $62.5M from a restricted escrow account in relation to NuVasive's trademark dispute regarding the NeuroVision trade name. In January 2011, an unfavorable judgment in the amount of $60M plus attorney fees and costs was entered against NuVasive relating to its use of the NeuroVision trade name. NuVasive subsequently entered into an escrow arrangement and transferred $62.5M into a restricted escrow account to secure the judgment. In reversing the judgment against NuVasive, the Ninth Circuit Court of Appeals remanded the case for a new trial and instructed the court to assign a different judge. The plaintiff has not appealed the Court of Appeals' ruling and NuVasive has now secured the release of the $62.5M from the restricted escrow account.
News For NUVA From The Last 14 Days
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November 30, 2015
06:31 EDTNUVAInvuity names Greg Lucier Chairman of the Board
Invuity (IVTY) announced that life sciences industry luminary Gregory Lucier has been appointed to the role of Chairman of its Board, effective December 31, 2015. Lucier, who is the CEO of Nuvasive (NUVA), has served on the Invuity board since October 2014. He will take the place of Gregory Brown, who will resign from the Board effective December 31, 2015.

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