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PHMD > SEC Filings for PHMD > Form 8-K on 5-Jul-2012All Recent SEC Filings

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Form 8-K for PHOTOMEDEX INC


5-Jul-2012

Other Events


Item 8.01. Other Events.

PhotoMedex, Inc. (the "Company") has joined in the execution and delivery of settlement agreements for the following two lawsuits, each of which has either been dismissed or is in the process of being dismissed. The parties to the actions have entered into general mutual releases of related claims. Other terms of the settlements, by agreement among the parties, remain confidential to the parties. The Company has determined that its technological advances and leading position in the marketplace have caused the benefits to be derived from these actions to be inconsequential in the marketplace, that the financial impact of the settlements is, in the aggregate, immaterial to the Company and that the additional legal costs of continuing to pursue each of these actions are no longer warranted. The settled actions are:

TRIA Beauthy, Inc. v. Radiancy, Inc. Case No. CV-10-5030 (RS) (NJV) United States District Court for the Northern District of California, and

Radiancy,Inc. v. Tria Beauty, Inc. Index No. 650025/2011 Supreme Court of the State of New York.

Item 9.01 Exhibits

PhotoMedex Press Release dated July 3, 2012


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