Mag Instrument, Inc. and Larson Electronics, LLC hereby jointly announce that they have settled a federal lawsuit filed by Mag Instrument last year|
Ontario, CA and Kemp, TX
As of December 3, 2012, Mag Instrument, Inc. and Larson Electronics, LLC hereby jointly announce that they have settled a federal lawsuit filed by Mag Instrument last year. Details of the settlement are confidential, except the following terms are publicly noted: (1) Larson Electronics agreed to make an orderly transition away from use of the “Larson Electronics” name for its lighting products; (2) no trademark infringement or other offense has been ruled or found against, or admitted or conceded by, Larson Electronics; and (3) no money damages have been awarded or agreed, and each party has agreed to bear its own expenses in the suit. Both parties express satisfaction at having put this legal dispute behind them so that they may focus their attention and resources on growing their respective businesses, rather than on litigation. This Joint Press Release is the only public statement that the parties intend to make about the lawsuit or the underlying dispute, and it is the only such comment that is authorized by the parties or either of them.